The Fund warns that the government’s aid package will cost 0.4% of GDP and calls for “tighter fiscal policies”

Massa’s announcements Sunday were aimed at absorbing the economic impacts of the post-election devaluation

The measures aim to compensate for lost purchasing power following the post-election devaluation

It will designate AR$700 million to cover the damage from robberies and other incidents that occurred between August 19 and 24

The Fund demanded an 11% spending cut from August to December

Argentina’s inclusion bolsters Latin America’s role in the midst of a shifting world order one analyst calls an ‘irreversible historical process’

The monetary authority has made it mandatory for bureaus de change to use an electronic system for their transactions

In a press statement, Chair Kristalina Georgieva said Argentina’s economic situation has become ‘increasingly challenging’

The government will be able to intervene in the financial market to avoid runs on the currency