Latest Mauricio Macri News

Argentina's presidential front-runner focuses on economy

Oct. 16, 2019 8:22 PM EDT

BUENOS AIRES, Argentina (AP) — The front-runner in Argentina's presidential race said Wednesday that his main concern is the country's economic woes, which he blamed on his main opponent, conservative President Mauricio Macri. Alberto Fernández also dismissed the worries of some Argentines that he...

Embattled Argentine farmers eye presidential vote with fear

Oct. 16, 2019 8:50 AM EDT

PERGAMINO, Argentina (AP) — Juan Rossi walks between rows of green wheat at his farm in one of Argentina's most fertile agricultural regions, worrying about the future of the farming sector that is the main economic engine of this country. When he planted the wheat, he expected conservative Mauricio Macri...

IMF welcomes attempt to resolve dispute in Ecuador

Oct. 15, 2019 11:46 AM EDT

WASHINGTON (AP) — The International Monetary Fund said Tuesday it welcomes the decision by Ecuadorian President Lenín Moreno to cancel an austerity package following more than a week of protests. Gita Gopinath, IMF's chief economist, said the agency welcomes the attempt "to bring in all stakeholders...

President orders army onto streets of Ecuadorian capital

Oct. 13, 2019 12:07 AM EDT

QUITO, Ecuador (AP) — Ecuador's army took to the streets after President Lenín Moreno ordered the first 24-hour curfew in decades in response to a day of attacks on government buildings and media offices. By Saturday night, soldiers had retaken control of the park and streets leading to the National...

IMF not saying when Argentina could get last disbursement

Sep. 26, 2019 11:07 AM EDT

WASHINGTON (AP) — The International Monetary Fund refused to say Thursday when it will disburse the last $5.4 billion of a massive loan to Argentina that was originally planned for mid-September. IMF spokesperson Gerry Rice said at a news conference that he didn't "have specific information on timing."...

Economist who grew up in communist Bulgaria is new IMF chief

Sep. 25, 2019 7:00 PM EDT

WASHINGTON (AP) — A Bulgarian economist who grew up when her country was a communist nation has been selected to be the next leader of one of capitalism's premier institutions, the 189-nation International Monetary Fund. Kristalina Georgieva, a top World Bank official, was chosen by the IMF's executive...

Restrictions on hard currency take effect in Argentina.

Sep. 2, 2019 6:47 PM EDT

BUENOS AIRES, Argentina (AP) — Restrictions on access to dollars took effect in Argentina on Monday as the government tries to control a rapid loss of foreign reserves and an accelerating devalution of the currency. The measure says residents can't buy more than $10,000 a month without permission from the...

Argentina acts to bolster bank reserves amid uncertainty

Aug. 30, 2019 7:27 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina's central bank has barred the country's financial institutions from paying dividends to shareholders without its authorization, seeking to bolster reserves amid investor anxieties over the apparent strength of a left-leaning presidential candidate heading to Oct. 27...

Crowds fill Argentine streets to back conservative president

Aug. 24, 2019 8:28 PM EDT

BUENOS AIRES, Argentina (AP) — Tens of thousands of Argentines jammed streets in the capital and other cities Saturday to show support for conservative President Mauricio Macri, who is facing a tough fight heading into general elections in October in a country beset with economic struggles. Chanting "We...

IMF dispatches technical staff team to Argentina

Aug. 23, 2019 5:39 PM EDT

WASHINGTON (AP) — The International Monetary Fund is sending a technical team to Argentina on Saturday to discuss the policy plans of President Mauricio Macri's administration. The IMF said Friday that the team headed by Roberto Cardarelli will also meet with the economic advisers of the main candidates in...