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Two years into office, the Macri administration is continuing to grapple with the task of restoring macroeconomic stability while improving conditions for business, all with the aim of restoring the [...]

The policy rate of the Banco Central de la República Argentina (BCRA, the central bank) stands at 28.75% following two substantial rate increases in October-November undertaken amid an upward drift [...]

Given that the government has been aided by extraordinary revenue from a tax amnesty on undeclared foreign assets, we expect the administration to outperform its primary fiscal deficit target in [...]

Higher-than-expected revenue from a tax amnesty on undeclared foreign assets will bolster the fiscal accounts and bring the government closer to meeting its fiscal targets for both 2016 and 2017. [...]

Hanging on, and tucking in The president has bought time. She has not solved the economy's problems THE president 'will not leave in a helicopter', promised Julio Alak, Argentina's justice [...]

Renewed currency pressure in the aftermath of Argentina's default prompted another interest rate rise, leaving the rate on three-month Central Bank notes (Lebacs) at 26.9% at end-2014, well above the [...]

Amid severe external finance constraints and a steady deterioration of the balance of payments, the authorities would like to stave off a currency crisis, but the unorthodox policy framework continues [...]

After widening by close to 1 percentage point, to an estimated 2.8% of GDP in 2014, we expect the fiscal deficit to stabilise in 2015, on the basis that, facing [...]

Event The economy minister, Axel Kicillof, has revealed details of a possible offer by the government to holdout creditors that had refused previous bond swaps, now that Rights Upon Future [...]

Event In line with falling international oil prices, and after reaching an agreement with oil companies, the government has approved a 5% drop in administered petrol prices, effective from January [...]

The government is persisting with controls and interventionist policies as it attempts to address growing distortions in the economy. However, far from solving the underlying competitiveness problems that are weakening [...]

Monetary policy will remain loose as inflation control remains subordinated to the goal of supporting economic activity. Under a major reform of the Banco Central de la República Argentina (BCRA, [...]

Far from solving the underlying competitiveness problems that are weakening the external sector and increasing the country's vulnerability to a new currency crisis, the government's heterodox, interventionist economic policies are [...]

Concerns over the sustainability of the public finances persist, fuelled by the government's mixed signals. On the one hand, the government has tried periodically to rein in subsidies and public-sector [...]

Far from solving the underlying competitiveness problems that are weakening the external sector and increasing the country's vulnerability to a new currency crisis, the government's heterodox, interventionist economic policies are [...]

Concerns about the sustainability of the public finances persist, fuelled by the government's mixed signals. On the one hand, the government has tried periodically to rein in subsidies and public-sector [...]

The government is increasingly reliant on heterodox, interventionist economic policies implemented on an ad hoc basis in its efforts to alleviate the competitiveness problem that is weakening the external sector [...]

Concerns about the sustainability of the public finances persist, fuelled by the government's mixed signals. On the one hand, in the past year it has tried periodically to rein in [...]

Monetary policy will remain loose as inflation control remains subordinated to the goal of supporting economic activity. The de facto expansionary monetary policy goal of the current authorities was formalised [...]

Monetary policy will remain loose as inflation control remains subordinated to the goal of supporting economic activity. The de facto expansionary monetary policy goal of the current authorities was formalised [...]

The latest official data have shown a continued deterioration in the public finances. Weaker GDP growth is producing a slowdown in tax revenue growth (only partly offset by the recent [...]

The government is increasingly reliant on heterodox, interventionist economic policies implemented on an ad hoc basis in its efforts to alleviate the competitiveness problem that is weakening the external sector [...]

The government is increasingly reliant on heterodox, interventionist economic policies implemented on an ad hoc basis in its efforts to alleviate the competitiveness problem that is weakening the external sector [...]

The latest official data have shown a continued deterioration in the public finances. Weaker GDP growth is producing a slowdown in tax revenue growth (only partly offset by the recent [...]

Monetary policy will remain loose as inflation control remains subordinated to the goal of supporting economic activity. The de facto expansionary monetary policy goal of the current authorities was formalised [...]

The government is increasingly reliant on heterodox, interventionist economic policies, implemented on an ad hoc basis, in its efforts to alleviate the competitiveness problem that is weakening the external sector [...]

An ill-advised attempt to prop up the peso INFLATION and capital flight have steadily weakened Argentina's peso since Cristina Fernández became president in 2007. Back then one peso bought $0.32; [...]

Creditors' decade-long battle with Argentina shows just how tangled sovereign defaults can be AS GREECE flirts with disaster and several other European countries buckle under heavy debts, creditors' experience with [...]

Stalinist practices in Buenos Aires MOST Argentines reacted with a shrug when their government began doctoring its consumer-price index in 2007. Cooking the books cost holders of the country's inflation-linked [...]

FORTUNATELY, Chile is not the only country in Latin America to have transformed its economy. Two of its neighbors, Argentina and Bolivia, have pulled off a similar feat and, despite [...]

The government has relaxed several strict controls on trade-related payments that were introduced following the 2002 peso devaluation. All export proceeds are required to be remitted to Argentina and converted [...]

Life outside the system becomes a bit harder WHEN the world economy was booming and prices for South America's commodities were high, several left-wing governments in the region liberated themselves [...]

Argentina appears to have persuaded most of its bondholders to accept a deeply discounted debt-restructuring offer. But the country's financing problems will continue unless it can coax back capital stashed [...]

Argentina's new plan does not appease its creditors A HAIRCUT or a scalping? That is what Argentina's disgruntled creditors are asking themselves after the country's economy minister, Roberto Lavagna, unveiled [...]

Brazil does better than Argentina, but still needs reform IN 2002, when Luiz Inacio Lula da Silva was elected as Brazil's first left-wing president, he faced a choice. He could [...]

The big fight over fiscal reform ANOTHER month, another review by the International Monetary Fund of Argentina's economy--and another gesture of fiscal rectitude by the Peronist government of Nestor Kirchner. [...]

A day after Argentina defaults on part of a giant IMF loan, the Fund gives it the deal it wanted IN DECEMBER 2001, Argentina recorded the largest sovereign-debt default in [...]

Argentina has failed to pay back part of a giant IMF loan, endangering the lender's reputation as much as the borrower's IN DECEMBER 2001, Argentina recorded the largest sovereign-debt default [...]

Justice for savers, not taxpayers Savers get dollars, sort of IN JANUARY 2002, when Eduardo Duhalde, Argentina's interim president, bowed to the inevitable and devalued the peso, he faced a [...]

Argentina's decision to default on its loan payments to the World Bank will worsen the country's economic predicament. And, amid continuing political confusion, there are signs that it will make [...]

Argentina's decision to default on its loan payments to the World Bank will worsen the country's economic predicament. And, amid continuing political confusion, there are signs that it will make [...]

Argentina's decision to default on its loan payments to the World Bank will worsen the country's economic predicament. And it will not make it easier for the government to reach [...]

A team from the International Monetary Fund is now in Brazil, for the first review of the country's loan agreement--the largest in the Fund's history. As yet, though, there is [...]

Argentina has a long history of battling against high inflation. But in the decade to December 2001 it succeeded in achieving price stability by pegging its peso to the dollar, [...]

President Eduardo Duhalde's authority to cut a deal with the IMF is seeping away, challenged by Congress and courts FOR months, Eduardo Duhalde, Argentina's president, and his finance officials promised [...]

With outside help slow to arrive, both the peso and President Eduardo Duhalde's government are sagging TIRED and downcast on his return from a UN aid conference in Monterrey, Mexico, [...]

In the 1990s, Argentina was Latin America's star. How did it become a basket case? EACH Sunday afternoon for the past few weeks, several thousand people have gathered in a [...]

The money they trust The peso has not crashed--yet 'THOSE who bet on the dollar will lose.' Thus Eduardo Duhalde, Argentina's president, last weekend, as he floated the currency for [...]

Argentina needs help. It also needs to take responsibility WHAT should the IMF do about Argentina? Despite the complexities, one thing is plain: whatever the Fund's political bosses end up [...]