The country’s manufacturing sector is facing a crisis that some are calling the worst in its history
Economics
Provincial governments are also set to finance expenditures and debt payments via new credit
International Monetary Fund spokesperson Julie Kozack said that meeting the 2025 reserves target will be ‘challenging’ for the country and called for robust reforms
The credit could reach US$7 billion and would cover maturities estimated to be around US$4.2 billion
Argentina’s statistical institute said the modest rise in activity announced on Tuesday reflected a technical modification and strong performance in the finance sector
The economy defied predictions to eke out growth in the third quarter, INDEC figures show
Local manufacturers say they’re liquidating inventory to cover day-to-day expenses as imports of finished goods hit record highs
In an effort to boost sales, the national government cut nearly 1,000 sector regulations, but not everyone is on board
A Wall Street Journal report said banks are now discussing a US$5 billion short-term loan instead. Minister Luis Caputo denied ever discussing a bailout with banks and said the news is meant to ‘spread confusion’