Argentina slashes rates amid inflation concerns
Argentina has slashed its benchmark interest rate for the sixth time aiming to combat inflation while reducing the…
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Argentina
Paraguay pushes $1.5b gas pipeline project to rival Bolivia’s dominance
Paraguay is emerging as a potential gas corridor in South America, proposing a $1.5 billion pipeline project to…
Argentina’s GDP to contract by 3.3% in ’24, grow 2.7% in ’25: OECD
Argentina’s economy is expected to contract by 3.3 per cent this year driven by hyperinflation, and sizeable fiscal…
Argentina slashes benchmark rates to 80%
Argentina’s central bank has reduced its benchmark interest rate from 100 per cent to 80 per cent, which aligns…
Default risk in emerging markets decreases
The risk of government defaults in emerging markets is diminishing, fueling a bond rally, especially in junk-rated…
IMF cuts Argentina ’24 growth forecast to 2.8%
Argentina 2024 economic growth is expected to see a 2.8 per cent contraction below the October estimate of 5.6 per…
BRICS expands: Egypt and 4 more countries to join as of January 1
The BRICS group is doubling its membership on January 1, as the UAE, Saudi Arabia, Egypt, Iran, and Ethiopia will…
Egypt to be full member of BRICS starting January 2024
South African President Cyril Ramaphosa declared an invitation to Egypt, Ethiopia, Argentina, Iran, Saudi Arabia,…
IMF set to reach deal with Argentina
The International Monetary Fund (IMF) is set to finalise the basis for a staff level agreement with Argentina over…
Argentina to pay its IMF debt with yuan due to dollar shortage
For the first time, Argentina paid $2.7 billion to the International Monetary Fund (IMF) in a payment that came in…
