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MercoPress, en Español

Montevideo, September 21st 2024 - 09:14 UTC

Tag: Luis Toto Caputo

  • Wednesday, September 11th 2024 - 23:02 UTC

    Argentina: Indec says inflation in August reached 4.2%

    Minister Caputo's projections that the CPI would stand below 4% were not met

    Argentina's Consumer Price Index (CPI) for the month of August went up 4.2%, the National Institute of Statistics and Census (Indec) announced Wednesday. The new figure represented a setback from July's 4% and a 236.7% interannual increase. So far in 2024, inflation reached 94.8%.

  • Monday, August 19th 2024 - 23:07 UTC

    New shipment of Argentine gold abroad reported

    It was the third such shipment under President Milei

    A video of an armored truck carrying some 1500 gold bars from Argentina's Central Bank (BCRA) to the Ezeiza International Airport went viral Monday as the third such shipment -worth around US$ 250 million- was presumed to have left for London, it was reported in Buenos Aires. No special security was seen around the vehicle on the highway leading to the air terminal.

  • Thursday, July 25th 2024 - 19:50 UTC

    Argentine Economy Minister meets with IMF Chief in Rio

    Caputo was full of praise for Georgieva as he almost desperately needs fresh IMF funding

    Argentina's Economy Minister Luis Toto Caputo met Thursday in Rio de Janeiro with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who said the encounter had been “constructive.”

  • Friday, July 19th 2024 - 20:46 UTC

    Caputo confirms Argentina shipped gold abroad

    The Economy Minister exulted in telling savers that they would end up selling their US dollars to pay taxes and make the peso a strong currency

    Argentina's Economy Minister Luis Toto Caputo confirmed rumors from opposition lawmakers and union leaders indicating that the Central Bank (BCRA) was transferring gold from the country's coffers to foreign destinations. He explained that the move sought to generate a return on an otherwise unproductive metal.

  • Saturday, July 13th 2024 - 08:02 UTC

    Indec says Argentina's CPI in June reached 4.6%

    In this scenario, the “blue” dollar hit a new all-time high

    The Consumer Price Index (CPI) reached 4.6% last month in Argentina for a year-on-year 271.5%, according to a National Institute of Statistics and Census (Indec) survey released Friday. These figures also yielded a 79.8% increase in the first semester of 2024.

  • Wednesday, June 19th 2024 - 20:14 UTC

    Argentina: Milei reckons June's inflation to rebound

    Failing to reach a zero fiscal deficit is also the consequence of politicians delaying the approval of the so-called Bases Law, Milei argued

    Argentine President Javier Milei admitted that his country's process of curbing inflation would be making “a pause” from the 4.2% the National Institute of Statistics and Census (Indec) announced for May this year. In addition to a rebound in the decline, there will be no zero deficit, the Libertarian leader also admitted.

  • Tuesday, June 11th 2024 - 22:17 UTC

    World Bank foresees economic deterioration for Argentina this year

    A recovery above average is also forecast for 2025

    According to the latest “World Economic Outlook” report released Tuesday by the World Bank from its headquarters in Washington DC, Argentina's economy is expected to fall sharply this year, thus becoming the Latin American country going through the tightest contraction in the region before rebounding in 2025. The study projected a 3.5% drop this year followed by a 5% surge in 2025, thus outperforming the rest of the continent.

  • Friday, June 7th 2024 - 12:08 UTC

    Milei likes being the mole destroying the State from within

    An interview Milei gave to a US website The Free Press last week in California was broadcast Thursday

    Argentine President Javier Milei sparked controversy once again Thursday when an interview he gave last week to the news site The Free Press during his trip to the United States was aired. He said he loved “being the mole inside the State” who was to destroy it “from the inside,” thanks to which his country would become a paradise.

  • Thursday, May 16th 2024 - 19:08 UTC

    Argentina needs to solve its exchange rate problem, IMF spokeswoman says

    Milei's government will need to evolve to keep its successful plan going, Kozack warned

    International Monetary Fund (IMF) Spokeswoman Julie Kozack said that Argentina needed to lift the exchange rate ceiling if the government were to protect the country's Central Bank reserves. Kozack's remarks during a press conference came a day after Economy Minister Luis Toto Caputo announced that the South American nation was on course to dollarization.

  • Monday, May 13th 2024 - 20:45 UTC

    Argentina passes IMF test with flying colors, will get US$ 800mn

    The IMF thanked Caputo and Bausili for their strong commitment to restoring economic stability

    After passing the eighth review of its debt refinancing program with the International Monetary Fund (IMF), Argentina is expected to receive a US$ 800 billion disbursement in the coming weeks, it was announced Monday. However, the transaction still needs to be approved by the IMF Board of Directors.

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