In his message to the Legislative Assembly last Monday, President Alberto Fernández opted for a tough tone and content against the International Monetary Fund, whom he held co-responsible for the colossal debt run up by the Maurico Macri presidency. The move kicks the chair out from under Economy Minister Martín Guzmán and the diplomatic strategy … Read more
Argentina has extended the deadline for companies to restructure debt in dollars due until December 31, according to an online statement from the Central Bank. The Central Bank of the Argentine Republic, known as BCRA, said Thursday that it will extend its deadline for companies to swap their dollar-denominated debt until December 31, according to a … Read more
From just a company with no operational activity four years ago, Vista Oil & Gas has become one of the largest oil producers in the shale-rich Vaca Muerta basin, and is aiming for further growth in 2021. On Friday, the firm announced it would increase spending this year to at least US$ 275 million, or … Read more
Extreme poverty in Latin America has reached its worst level in 20 years due to the coronavirus pandemic, a report by the UN said on Thursday. Poverty is also at its highest level in 12 years after the number of poor people in the region rose by 22 million in 2020 to 209 million. The … Read more
THE WEEK IN CORONAVIRUS There were 2,054,681 confirmed cases of coronavirus and 51,000 deaths at press time yesterday as against last week’s figures breaking through the barriers of two million cases (2,008,345) and 50,000 deaths (50,029), in both cases on the previous Friday (February 12). Ash Wednesday saw a major milestone within the pandemic with … Read more
Exempting Covid-19 vaccines from intellectual property rights will not speed up production or distribution of the jabs, a pharmaceutical industry association argued Tuesday. Proponents of doing away with IP rights say more companies could produce the vaccine, which could then be used in poorer nations that have yet to receive any jabs. But the head … Read more
Economy Minister Martín Guzmán is expected to visit Washington in mid-March to continue talks with the IMF on a new loan package, a Fund spokesperson said Thursday. The two sides have been in discussions for months to try to agree on a suite of reform measures that could unlock new funding to help Argentina recover … Read more
THE WEEK IN CORONAVIRUS There were 2,098,728 confirmed cases of coronavirus and 51,887 deaths at press time yesterday as against 2,054,681 cases and exactly 51,000 deaths the previous Friday when Ginés González García resigned in disgrace from the Health Ministry over the “VIP vaccine” scandal. Carla Vizzotti was already up and running as the new … Read more
Anyier sits at the side of the road gasping for breath as the beating sun and 3,700-metre (12,000-foot) altitude take their toll. It has been seven hours since she entered Chile from Bolivia on foot – her fifth border crossing since leaving Venezuela nearly a month and 5,000 kilometres (more than 3,000 miles) ago. “This has been … Read more
Brazil’s economy shrank 4.1 percent in 2020, officials said Wednesday, closing out what analysts called another “lost decade” for Latin America’s biggest economy with a year badly disrupted by the coronavirus pandemic. The contraction, which was in line with analysts’ forecasts, added to a bad run for a country that was just recovering from a … Read more