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Minister Alfonso Prat-Gay takes part in meetings with the IMF and the World Bank, shortly after the end of the default.. The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's ...
One of president Macri's first economic policies was the removal of currency controls, allowing Argentines to freely buy and sell foreign currencies in the market. [4] [5] Another early policy was the removal of export quotas and tariffs on corn and wheat. [6] Import tariffs on soybeans, Argentina's most lucrative export, were reduced from 35 ...
Evolution of GDP growth. The economic history of Argentina is one of the most studied, owing to the "Argentine paradox". As a country, it had achieved advanced development in the early 20th century but experienced a reversal relative to other developed economies, which inspired an enormous wealth of literature and diverse analysis on the causes of this relative decline. [2]
(Bloomberg) -- Argentina’s move to delay a $1.4 billion local bond payment this week hardly made a ripple in the broader world of global investing, with most outsiders seeing it as a sideshow ...
Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday.
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Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock measures new President Javier Milei says are needed to deal with ...
One Patacón Two Patacón. The Patacón (officially called Letra de Tesorería para Cancelación de Obligaciones de la Provincia de Buenos Aires) was a bond issued by the government of the province of Buenos Aires, Argentina, during 2001.