Argentina

  1. Mauricio Macri announced a reduction of his Cabinet and the reinstatement of the withholdings on exports

    Argentina to tax grain exports, slash ministries to balance budget

    President Mauricio Macri is seeking a deal with the IMF to accelerate a $50 billion loan program.
    The new austerity measures, announced Monday, were prompted by a 16 percent slide in the value of the peso last week, bringing the local currency's losses to almost 50 percent against the dollar so far this year.

    Region:
    Argentina
    Category:
    Politics