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Argentina’s Trade Deficit Hits $6.92 Billion in 2023
In 2023, Argentina faced a $6.926 billion trade deficit. A severe drought earlier in the year led to a 24.5% drop in exports.
The National...
Argentina’s La Rioja Issues Local Currency
Facing financial challenges, La Rioja, an Argentine province, has launched its own currency, named 'Bocade'.
This move comes as a response to President Milei's decision...
Argentina Challenges Spanish Fleet’s Falkland Fishing
Argentina is increasingly worried about a large Spanish fishing fleet heading to the South Atlantic, near the Falkland Islands.
Officials in Argentina have voiced concerns...
Davos Meeting Spurs Investment Interest in Argentina
At the World Economic Forum in Davos, Switzerland, Argentina's top officials, Nicolás Posse and Luis Caputo, engaged in significant discussions.
They met with energy, natural...
Argentina Trims Defense Budget
The Argentine government has extended its 2023 national budget into 2024, reacting to the stalled approval of the new budget bill.
This extension notably broadens...
New High-Value Banknotes Set for Release in Argentina
Argentina's Central Bank today announced the release of new 10,000 and 20,000 pesos banknotes in June to combat inflation.
The current highest note, 2,000 pesos,...
Argentina Surpasses Venezuela with 211% Inflation in 2023
Argentina recorded an unprecedented annual inflation rate of 211% in 2023, a peak not seen since the early 1990s.
Authorities released this data on Thursday....
New Argentina-IMF Deal to Restore Country’s Credibility
Argentina's government has successfully reactivated its financial agreement with the International Monetary Fund (IMF).
This move restarts the Extended Fund Facility (EFF) program, first established...
Streamlining Aerolíneas Argentinas
Aerolíneas Argentinas S.A., Argentina's state-run flagship airline, has recently announced a significant restructuring.
This move involves reducing its directorates by 43%, from 14 to 8,...
Brazil’s Auto Exports to Mexico Surpass Argentina in 2023
In 2023, Brazil's automotive sector saw a 1.9% decrease in vehicle production, totaling 2.32 million units
This was slightly less than the 2.36 million vehicles...
As December Price Surge Nears 30% Argentina Fears Hyperinflation
In December 2023, Argentina grappled with a severe inflation crisis, witnessing a monthly rate close to 30%.
This rate was the highest the country had...
Argentina Declines New IMF Program, Milei’s Spokesperson Confirms
In a pivotal development, Argentina has clarified its stance in ongoing discussions with the International Monetary Fund (IMF).
President Javier Milei's spokesperson announced that Argentina...
Argentina’s Seed Tech Revamp for Global Competition
In 2024, under President Javier Milei, Argentina plans to modernize its seed technology rules as part of broader economic reforms.
The goal is to make...
Brazil Backs Argentina in Falklands Dispute
On Wednesday, Brazil declared support for Argentina's claim over the Falkland Islands, intensifying its long-standing dispute with the United Kingdom.
Like many of his predecessors,...