IMF projects strong economic growth for Milei's Argentina in 2025
6 days ago · Fund technicians, publishing updated forecasts in the IMF’s regular World Economic Outlook report, estimated that Argentina’s economy shrank by 2.8 percent in 2024 – an improvement of 0.2 points on its most recent forecast.. The 2026 forecast is a rise of 0.3 points on previous estimates, underlining the optimism within the multilateral lender for President Javier Milei’s government.
Milei’s ‘chainsaw’ cut nearly 35,000 public-sector jobs in 2024
Dec 21, 2024 · Milei’s job chainsaw, therefore, tore through contracts issued under the Framework Law, with a decrease by US$2.06 billion. As for the permanent and temporary method, dismissals helped the government “save” US$1.13 billion, whereas in service agreements they added a further US$630 million, said the Ministry.
Colombia offers to safeguard Maduro foes as stand-off deepens
Dec 19, 2024 · The group includes opposition campaign manager Magalli Meda and Machado advisers Pedro Urruchurtu and Claudia Macero. Tensions have increased as Maduro and González — who fled to Spain in August — have each said they plan to be sworn in when the new presidential term begins on January 10.
Mercosur and EU announce agreement on free-trade deal
Dec 6, 2024 · Argentina's President Javier Milei, Uruguay's President Luis Lacalle Pou, European Commission President Ursula von der Leyen, Brazil's President Luiz Inácio Lula da Silva and Paraguay's President Santiago Peña pose for the family picture of the LXV Mercosur Summit in Montevideo on December 6, 2024.
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Extreme poverty soars to affect six million, study shows
Nov 12, 2024 · “The first thing to point out is that if these levels of destitution are maintained for any more length of time, structural poverty will increase,” a representative from the Centro para la Recuperación Argentina told Perfil. “If the economy grows and destitution goes down, there would not be any direct impact on structural poverty (which in Argentina has a …
A year into office, Milei’s ‘shock’ therapy takes hold
Dec 10, 2024 · As a result, the country’s risk rating, tracked by JP Morgan, fell from 3,000 points to below 740, a historic low. On the back of a confrontational narrative, in which he pledged to “end the caste” of politicians and fight against “the impoverishing left,” Milei has also eliminated more than 30,000 public sector jobs, reduced ministries and state agencies, frozen public works ...
Argentines no longer love the dollar, thanks to Milei
Dec 12, 2024 · Still, the return to a free exchange rate — which the country had from 2016 to 2019 — seems distant. One of the problems is the lack of reserves, which the Central Bank could use to defend the peso against devaluation risks that could come with a freely floating currency.
Trump names Peter Lamelas as next US ambassador to Argentina
Dec 13, 2024 · “It is not just inefficient; it is cruel and deceitful. Leaders like Trump and Milei, with their remorseless vision, are rejecting the failed policies of the past and building a new era of simplified government and growth – for Argentina, America, and freedom-loving democracies around the world,” he wrote.
Key measures from President Javier Milei’s first year in office
Dec 10, 2024 · President Javier Milei’s first year in office was marked by drastic state cutbacks, the sharpest rise in poverty in two decades, and an aggressive rhetoric and shift in foreign policy that drew global attention to the nation.