IMF sees upside in delaying Argentina deal after October

Officials at the International Monetary Fund see some benefit in delaying a US$ 45-billion agreement with Argentina after the nation’s midterm election in October, with talks yielding little progress six months after they began, according to people familiar with the situation. While IMF negotiators prefer to hash out a deal with Argentina as soon as … Read more

Inflation data casts shadow over government’s target

Prices in February rose 3.6 percent from January, the INDEC national statistics bureau revealed Thursday, a slight deceleration on the preceding two months. Nevertheless, the steep monthly increase means that inflation totalled 7.8 percent in just the first two months of 2021 in Argentina. The news casts a shadow over President Alberto Fernández’s hopes of … Read more

More than 450 NGOs, groups condemn ‘obsolete’ EU-Mercosur trade deal

More than 450 civil society groups, associations and non-governmental organisations have united to call on nations to “abandon” the controversial EU-Mercosur trade deal. Underlining the strong opposition to the accord, as yet unratified, that is growing in Europe, hundreds of groups announced Tuesday they were uniting to form the Stop Ceta-Mercosur collective in a bid … Read more

Guzmán to hold talks with IMF in Washington on March 23-24

Economy Minister Martín Guzmán will meet with officials from the International Monetary Fund (IMF) in Washington in 10 days time, the multilateral lender confirmed Thursday. “We continue to actively, constructively engage with the Argentine authorities as they work on laying out their economic plan that could be supported by a Fund programme, said IMF spokesperson … Read more

No Bolsonaro in BA – Government takes Mercosur ceremony online

It looks like Jair Bolsonaro will not be steeping foot in Buenos Aires anytime soon. Argentina has suspended a historic ceremony marking the 30th anniversary of the Mercosur regional trade bloc, due to be held later this month, the Foreign Ministry said Saturday. President Alberto Fernández and his counterparts from Brazil, Paraguay, Uruguay and Bolivia were … Read more

Forecasts and forebodings

The shortest month of the year does not necessarily have the lowest inflation and this February looks like being no exception with the 3.6 percent posted by INDEC statistics bureau on Thursday (although, if it does turn out to be the lowest figure of 2021, then both the government and the country are in deep … Read more

Benjamin Cohen: ‘Dollar will not be challenged by yuan for at least a decade’

There are no great powers without great currencies. The competition between the United States and China also has a financial and monetary chapter, perhaps the most sensitive aspect of the bilateral relationship between the two superpowers.  Benjamin Cohen, one of the founding fathers of International Political Economy (IPE) – a field of studies that combines … Read more

Argentina CPI-linked bonds fall on possible change to basket

Argentina’s inflation-linked bonds fell Monday as the country’s statistics agency, INDEC, plans to modify the basket it uses to measure inflation. Bloomberg News reported earlier on Monday that Indec is working to change the price basket it uses to measure inflation, according to a person with direct knowledge of the matter. The modifications, which seek … Read more