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 …
An agreement between the Economy Ministry and transport union Camioneros sparked controversy after the Union took part in the auditing of Fair Prices, the government’s commercial agreement underpinning current price caps. Last November, the “Precios Justos” (Fair Prices) program froze the value of 1,907 products and set a …
There has been a lot of talk about inflation recently, with almost half the countries in the world reaching double-digit rates in 2022. In Argentina, it spiked to 94.8%, the highest since 1990. The figure put the country fourth in the world. As policymakers struggle to deliver immediate …
Major fuel retailers increased gasoline prices by 4% on Sunday and Monday. The increases were part of last November’s Fair Prices agreement between the government and oil companies, which allows companies to increase their prices by up to 4% between November and March. Economy Ministry Sergio Massa said …
