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Tuesday, May 24, 2022

Biden spoke about Argentina: the economic news of January 20

While the negotiations with the International Monetary Fund (IMF) continue, the president of the United States, Joe Biden, made reference to Argentina in a press conference. The US president maintained that he spends a lot of time “talking and dealing” with Nicolás Maduro, whom he considered a “dictator” and clarified that Chile and Argentina “are not the same” as Venezuela. When questioning the previous government for doing “damage” to the region, he indicated: “We don’t dictate what happens in these countries, in South America, but we have to work very hard on that.”

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While the ruling party presented a bill to incorporate the Covid-19 vaccine into the national vaccination calendar and President Alberto Fernández remains isolated for having been a close contact of a positive case, The Ministry of Health of the Nation reported that in the last 24 hours, 128,321 new cases of coronavirus were reported throughout the country. In turn, there were recorded 208 deaths, which represented the highest number in four months. Meanwhile, the percentage of positivity remains high, above 70 percent.

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A new resolution of the Financial Information Unit (UIF) determined that stock brokers and financial entities they will be able to request affidavits of Earnings and Personal Assets to its clients before any type of operation is carried out in the capital market. The measure occurs in a context of growing uncertainty due to the delay of an agreement with the Monetary Fund, which puts increasing pressure on the demand to dollarize portfolios.

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The international reserves of the Central Bank closed again lower, after the monetary authority finalized a sale of US$ 60 million in its daily intervention in the foreign exchange market. In this way, in just two days he had to part with some US$ 110 million.

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In his last hours in the United States, Foreign Minister Santiago Cafiero held a working meeting with representatives of the main Think Tanks. At the meeting, which took place at the headquarters of the Argentine Embassy, ​​the national official “highlighted the main axes of Argentina’s insertion in the international arena, highlighting the promotion and protection of human rights,” according to an official statement.

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According to data published by Real Estate Report, rents in the province of Buenos Aires throughout 2021 had an increase of 71.62% in the case of one-bedroom units, while those of two rooms climbed 70.39%. Thus, both options presented rises that were above inflation for the same period.

SEE MORE: According to a survey, 85% of Argentines ask to suspend the rental law

11.00: Minister Matías Lammens meets with the Governor of Río Negro, Arabela Carreras, for balance of the season and presentation of the main points of the Tourism Investment Law project.

16.00: The INDEC will disseminate the data of the Argentine Trade Exchange (ICA) from December.

  • The Central Bank will publish the Survey of Credit Conditions (ECC)

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Consult the Bloomberg Line COVID-19 Monitor

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