The Economy Ministry reported that Argentina’s primary deficit reached 2.4% of its GDP in 2022, meaning that the government over-complied with the 2.5% goal negotiated with the International Monetary Fund (IMF). Meanwhile, the financial deficit came to 4.2% of GDP. In 2022, the national public sector registered an …
Payments made in Argentina with foreign credit cards are processed at the MEP dollar rate. Here are the details.
The Economy Ministry, led by Sergio Massa, issued fines of more than US$1 billion in just one semester for maneuvers in foreign trade, both for over-invoicing and under-invoicing of exports. While the ministry claims the solution is to lower the exchange rate gap that has held at 100% …
The Economy Ministry obtained funds for AR$416 billion in the first bond auction of the year, more than it needed to cover its AR$352.32 billion maturities. The auction took place the day Minister Sergio Massa announced the buyback of US$1 billion of sovereign debt. Immediately after the announcement, …
Economy Minister Sergio Massa announced today that Argentina will start a process of “rebuying Argentine foreing debt for over US$1 billion”. The decision “is a first step” focusing on “short-maturity global bonds”, he said. The buyback will focus on global bonds that mature in 2029 and 2030 (AL29, …
The Economy Ministry will offer seven pesos bonds in an auction to take place this Wednesday, where it will aim to roll over some AR$400 billion. Moreover, the government aims to collect some extra AR$241 billion. Some of the bonds offered will have a fixed rate, while others …
Social Development Minister Victoria Tolosa Paz announced yesterday that 154,441 recipients of the Potenciar Trabajo (Empowering Work) welfare program would be cut off for failing to verify their identities in an online form. The form was carried out through the government’s Mi Argentina app between November 22 and …
The government is monitoring imports through meetings of the SIRA system committee and conversations with business chambers. The end goal: “managing” the shortage of dollars and preventing the lack of inputs from interrupting production in factories, thus causing labor problems. The Argentine Industrial Union (UIA) released a harsh …
Economy Minister Sergio Massa has lashed out at the International Monetary Fund (IMF), indicating in two interviews over the weekend that the country had made a series of difficult political decisions and was seeing little goodwill in return. “Argentina complied with its program, but the Monetary Fund is …
