The cooks at an Argentine soup kitchen are concerned that their meager supply of pasta will not be sufficient to fill the empty plastic containers left by hungry guests. Carina López, 50, is the manager of ‘Las hormiguitas viajeras’, a community dining hall in Loma Hermosa, a disadvantaged neighborhood in San Martín, north of Buenos … Read more
In his first full month in office, President Javier Milei proceeded to impose portions of his shock therapy economic strategy, which resulted in a monthly slowdown in Argentina’s consumer prices. January’s inflation fell to 20.6 percent from a month earlier, little less than the 21 percent predicted by economists. Prices increased by 254.2 percent from … Read more
Buenos Aires City’s inflation increased to 21.7% last month due to increases in food, fuel, and transportation costs, according to City Hall. According to January data from City Hall’s Statistics and Census Directorate, consumer prices have increased by 238.5 percent in the previous year. According to the government agency’s data, inflation picked up steam last … Read more
The International Monetary Fund’s executive board has approved a US$4.7-billion disbursement to the government of Argentine President Javier Milei, according to a person with direct knowledge of the matter. The payments are part of a refinanced US$44-billion programme, the lender’s largest, that was beset by uncertainty for months during the election campaign that saw Milei … Read more
Economy Minister Luis Caputo announces President Javier Milei’s government will withdraw the fiscal chapter of its sweeping ‘Omnibus bill’ reform package to ease its passage through Congress. President Javier Milei’s government is withdrawing key fiscal measures from its sweeping ‘Omnibus bill’ reform package after facing stiff political opposition, Economy Minister Luis Caputo announced late Friday. … Read more