News of economy ministry

From Coldplay shows to the World Cup, Argentina mixes exchange rates

12-10-2022 08:23 Government officials on Wednesday will roll out new taxes applied to the official exchange rate for foreign travel ahead of the World Cup in Qatar next month and for locals attending concerts by artists such as British rock band Coldplay.

Massa unveils export stimulus programme for tech sector

05-10-2022 10:36 Scheme aims to boost technology exports to US$10 billion next year, says economy minister.

Central Bank set to hike rates again on price spike

01-09-2022 01:54 Central Bank set to increase benchmark Leliq rate again next month as annual inflation rises above 70%.

Argentina seeks to shift all-cash workers into payroll jobs

30-08-2022 15:06 Policy aims to target welfare recipients who opt for informal, all-cash jobs to avoid losing government benefits and persuade them to stay in the system. 

Argentina raises key interest rate to 69.5% in biggest hike since 2019

11-08-2022 16:40 Argentina’s Central Bank raises benchmark Leliq rate in largest hike in almost three years, signalling a more aggressive stance against surging inflation. 

Massa gains ground in energy sector power struggle ahead of IMF talks

11-08-2022 00:03 Sergio Massa removes Energy Secretary Darío Martínez, replacing him with Salta’s Flavia Royón; Power tussle for control of the energy sector finally pans out in the exit of Darío Martínez.

The capitulation of Martín Guzmán and the struggle of Sergio Massa

09-07-2022 07:30 After a weekend of fury, a newly reconfigured power structure has been put in place that promises to keep us on our toes, with the vice-president continuing to gain territory.

by Agustino Fontevecchia

Overnight 20% price jump supercharges inflation crisis

08-07-2022 11:15 Before the peso plunges even further and before retailers can jack up prices further, Argentines are rushing out to buy their essentials as soon as possible. 

Stiglitz: Frente de Todos divisions made Guzmán’s work impossible

06-07-2022 16:34 Economist and 2001 Nobel Prize for Economics winner Joseph Stiglitz blames coalition tensions for Martín Guzmán's departure from office.

Argentina's bonds, currency plunge on Batakis' first day in office

05-07-2022 17:04 Argentina’s global bonds fell the most since they were issued nearly two years ago as Silvina Batakis assumes office.

Analysts: Argentina's IMF deal at risk with new economy minister

04-07-2022 15:08 Analysts say Argentina's US$44-billion programme with the International Monetary Fund may be in jeopardy after President Alberto Fernández chose leftist economist Silvina Batakis as the country's new economy minister.

Argentina’s black market peso sinks on economy minister shake-up

04-07-2022 14:16 Argentina’s black market exchange rate tumbled on Monday after left-leaning economist Silvina Batakis was appointed as the new economy minister.

Argentines seek hedging in crypto after minister resigns

02-07-2022 22:59 Moves on crypto markets could indicate unease over the growing rift within the ruling coalition and concern over the government’s ability to tackle rising inflation and other economic challenges.   

Guzmán resigns as coalition divisions grow

02-07-2022 22:55 Shake-up raises doubts over whether Argentina can comply with a US$44-billion IMF programme, whose goals and objectives for the second half are seen by private economists view as too challenging to reach. 

Argentina eases 60% of June debt burden in local swap

22-06-2022 23:12 Economy Ministry exchanges 358 billion pesos (US$2.9 billion) in local securities due at the end of the month for new notes maturing later this year; Move reduces pressure on government to reach key rollover tender next week.

Argentina raises benchmark rate to 52% as inflation stays hot

16-06-2022 16:54 Central Bank raises benchmark interest rate for the sixth time this year as the government struggles to cool inflation expectations. 

Central Bank hikes rate for first time in a year

07-01-2022 01:41 Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund to tighten its monetary policy. 

Central Bank reserves at the limit as rumours swirl around Argentina

30-11-2021 21:40 Ecolatina consultancy firm forecasts that Central Bank reserves could end the year lower than in December 2020. Concerns remain about the level of money available to the BCRA, but economists rule out a potential 'corralito.'

by Brenda Funes

Argentina’s women left behind in post-pandemic jobs recovery

31-08-2021 13:23 As Argentina’s economy recovers from last year’s crash, young men who lost their jobs are being re-hired at a much faster pace than young women.

IMF’s special drawing rights gives boost to Central Bank reserves

23-08-2021 21:42 International Monetary Fund boost of special drawing rights lifts Argentina's Central Bank reserves to highest amount in almost three years.