President Mauricio Macri Archives

Argentina Removes Interest Rate Floor, As Inflation Eases

Controlling inflation was one of the conditions the South American country had agreed with the International Monetary Fund (IMF) in exchange for a US$56 billion bailout.
By Narayan Ammachchi December 10, 2018
Argentina Imposes Tax on Exports Amid Currency Crisis

Argentina has imposed new taxes on exports in addition to announcing a string of austerity measures in a desperate attempt to halt the economic crisis stemming from a currency crash and hyperinflation.
By Narayan Ammachchi September 5, 2018
Moody’s Expects Argentine Economy to Grow 3% in 2017

Moody’s also expects the government initiatives, slated to be launched after the October mid-term elections, to reduce the fiscal deficit by at least 1% of GDP in 2018.
By Narayan Ammachchi October 4, 2017
Argentina Expects $14 Billion Private Investment This Year

Foreign firms have announced investments worth more than $33 billion since Macri became president, with the most coming from companies based in the United States, Germany, Canada, Spain, and Brazil.
By Narayan Ammachchi April 13, 2017
Dozens of Argentinian Companies Capitalizing on Economic Recovery

Over the past months, President Marci has removed export taxes for agricultural products, abolished most currency controls, and taken steps to remove subsidies on electricity, food, and natural gas.
By Narayan Ammachchi June 23, 2016
Argentina’s President Vetoes Anti-Layoff Bill, Moves to Lay Off Thousands of Federal Workers

Analysts believe Macri might find it hard to put the country’s economy back on track, as his coalition is a minority in both houses of Congress.
By Narayan Ammachchi May 26, 2016
América Móvil Makes Pitch for Stake in Argentina’s State-Run Telecom Firm Arsat

Carlos Slim reportedly met with President Mauricio Macri and discussed purchasing assets of Arsat, which owns billions of dollars worth of radio spectrum.
By Narayan Ammachchi May 19, 2016
Argentina Agrees to Settle With ‘Vulture’ Bondholders, Remove Pariah Status

The deal will help Argentina overcome its financial pariah status and allow President Mauricio Macri's new government to revive the economy with greater ease.
By Narayan Ammachchi March 2, 2016

Controlling inflation was one of the conditions the South American country had agreed with the International Monetary Fund (IMF) in exchange for a US$56 billion bailout.

Argentina has imposed new taxes on exports in addition to announcing a string of austerity measures in a desperate attempt to halt the economic crisis stemming from a currency crash and hyperinflation.

Moody’s also expects the government initiatives, slated to be launched after the October mid-term elections, to reduce the fiscal deficit by at least 1% of GDP in 2018.

Foreign firms have announced investments worth more than $33 billion since Macri became president, with the most coming from companies based in the United States, Germany, Canada, Spain, and Brazil.

Over the past months, President Marci has removed export taxes for agricultural products, abolished most currency controls, and taken steps to remove subsidies on electricity, food, and natural gas.

Analysts believe Macri might find it hard to put the country’s economy back on track, as his coalition is a minority in both houses of Congress.

Carlos Slim reportedly met with President Mauricio Macri and discussed purchasing assets of Arsat, which owns billions of dollars worth of radio spectrum.

The deal will help Argentina overcome its financial pariah status and allow President Mauricio Macri's new government to revive the economy with greater ease.