News of economy ministry

Argentina turns to orthodox policy signals to ease dollar craze

06-11-2020 09:12 After tightening capital controls several times, Argentina's government has surprised investors by altering its tack in what appears to be an incipient effort to restore confidence.

Economy Ministry to halt Central Bank advances until end of 2020

03-11-2020 12:53 Economy Ministry says it will not ask the Central Bank for temporary advances of cash in November and December and would target local capital markets for financing instead.

Argentina’s currency woes show no sign of easing

10-10-2020 08:31 Argentina’s hodge podge exchange rate regime is running out of steam.

Government mulls temporary cut on some crop export taxes

29-09-2020 17:16 Government weighing temporary reduction on some export taxes to boost dollar inflows, Bloomberg reports.

INDEC: Economy contracted by 5.4% in first quarter of 2020

23-06-2020 20:37 Unemployment rose to 10.4% in the first three months of the year, before the coronavirus lockdown kicked in, national statistics bureau reveals.

Vicentin’s expropriation and how to break bad news

20-06-2020 09:26 A Peronist expropriation, and maybe even nationalisation, sounds like the best way to burn a lot of money straight into inefficient bureaucracy and corruption.

by Agustino Fontevecchia

Government postpones local debt payments due in dollars until end of year

06-04-2020 09:23 The government has issued a decree to defer close to US$9.8 billion in local dollar-denominated debt payments until 2021.

Central Bank to pause run of rate cuts

12-03-2020 22:33 Central Bank plans to keep its policy rate unchanged, as it weighs the impact of sell-off on world markets.

Central Bank lowers key rate to 40%, extending cuts

19-02-2020 18:15 Central Bank chief Miguel Pesce justifies the rate cuts as a tool to help turn around Argentina’s economy, which is expected to contract for the third straight year in 2020.

Central Bank cuts key interest rate for fifth time since December 10

30-01-2020 21:29 Rate floor cut to 48 percent on Thursday from 50 percent. Central bank chief Miguel Pesce has lowered it from 63 percent since taking office December 10.

Fernández secures sweeping powers to conduct debt talks

22-12-2019 22:29 President will now have more authority to negotiate with creditors, raise worker salaries and hike taxes. Government secured passage with concessions including lower export taxes on oil, gas and mining, and tax relief for small farmers.

Meet Martín Guzmán, Argentina's next economy minister

09-12-2019 14:07 New economy minister, who is close to Nobel-Prize-winning economist Joseph Stiglitz, is seen as a critic of the International Monetary Fund.

Central Bank alters 2019 forecasts: 3% drop in GDP, inflation at 55.6%

05-11-2019 14:15 Monthly survey carried out by Central Bank downgrades forecasts for Argentina's economy.

Central Bank tightens 'cepo,' sets US$50 limit on cash advances abroad

31-10-2019 22:10 The move comes three days after the Central Bank sharply tightened currency exchange controls to stem a surge in capital flight.

New Central Bank survey predicts 55% inflation in 2019

04-09-2019 09:46 GDP anticipated to contract by 2.5% this year, survey of economists and consultancy firms reveals.

Boudou acquitted and convicted in unified trial over car purchases

29-08-2019 17:15 Former vice-president handed three-year suspended sentence for supplying false data for purchase of car, but is cleared of irregularities in the buying of 19 high-end vehicles dating back to when he led Economy Ministry.

Dujovne resigns from government with Lacunza set to replace him

17-08-2019 19:49 Hernán Lacunza to move from Buenos Aires Province government to replace Nicolás Dujove, after Treasury and Finance minister resigned post on Saturday. Lacunza's number two, Damián Bonari, to head Province's Economy Ministry

Government awards 18 permits for gas and oil exploration off southern coast

22-05-2019 16:32 The permits, announced by the Economy Ministry, centre on three regions on Argentina's continental shelf and run up to 13 years. Companies commit investment totalling US$724 million.