Egypt is now experiencing a real economic crisis, reflected in sequential rises in commodity prices and the decline in the country’s fixed foreign exchange reserves, which has caused a significant drop in the value of the pound against the dollar. Despite what the Egyptian media say, that the crisis is one of the results of the disruption in supply chains ...
Argentina’s Ambassador to China provides details on his country’s participation in the Belt and Road
Argentina joined the Chinese Belt and Road Initiative in February 2022. Argentinian President Alberto Fernández visited the People’s Republic of China in February 2022 and signed an according agreement. The country’s Ambassador to China evaulated on Argentina’s participation in the initiative. Argentina has become thus the biggest Latin American economy till today to join the initiative. But what does the ...
In mid-2018, during Mauricio Macri’s three years in power (2015-2019), the International Monetary Fund (IMF) approved a historical loan for Argentina for 57 billion US dollars (USD), of which some 44 thousand were disbursed. The Minister of Economy, Martín Guzmán, has reported that at present: “Argentina owes around 44.5 billion dollars to the IMF.” The government of the Frente de ...
Buenos Aires, 23rd of December 2021 On June 20, 2018, when the International Monetary Fund (IMF) approved the largest loan in its history: $50 billion to the Argentine Republic, this South American country was governed by the right-wing Mauricio Macri (2015-2019), while the IMF was led by Christine Lagarde (2011-2019), today president of the European Central Bank. It was already ...