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Sunday, September 20, 2026
News and Views from the Global South
ECONOMY-ARGENTINA: Relative Calm in Open Currency Market Debut
Argentina's new economic programme underwent trial by fire Monday as the peso, the local currency, was floated for the first time in more than a decade, occurring in a climate of great anxiety, but without the hysteria feared by the doomsayers.ARGENTINA: Cost of Crisis Lower than in Mexico, Malaysia
The fiscal cost of compensating those affected by the devaluation of the Argentine peso will be equivalent to four percent of GDP, Economy Minister Jorge Remes Lenicov said Wednesday, adding that he was sorry the country could not count on stronger support from the IMF.ECONOMY-ARGENTINA: The Patient Cannot Wait for Oxygen Therapy
Argentine society is busy calculating the expected benefits and damages of the government's new economic measures, which put an end to the dual exchange rate, leave the peso floating free, and convert local bank deposits, debts and contracts in dollars to pesos.ARGENTINA: Court Declares Freeze on Accounts Unconstitutional
Argentina's Supreme Court ruled Friday that a freeze on bank accounts decreed by the government on Dec 3 is unconstitutional, in a verdict that threatens to drive some financial institutions into bankruptcy.ARGENTINA: Food Emergency as Gov’t Begins Capital Flight Inquiry
The Argentine government declared a food emergency Wednesday as demonstrations intensified outside banks in several cities in protest against strict banking curbs. The justice authorities, meanwhile, began investigating reports of massive transfer of capital out of the country.ECONOMY-ARGENTINA: President to Present Development Plan to IMF
Argentina's President Eduardo Duhalde spoke out Tuesday against the "asymmetrical" global policies that he said have translated into trade protectionism for the industrialised North and trade liberalisation for the developing South.POLITICS-ARGENTINA: President Seeks National Accord amidst Crisis
Argentina's President Eduardo Duhalde decided Monday to convene groups representing a cross-section of society to seek national support for the government's policies, a move intended to overcome the economic crisis and to prevent a new outbreak of social unrest.ARGENTINA: President Complains of Attempts at ‘Destabilisation’
Argentine President Eduardo Duhalde accused Thursday factions opposed to his emergency economic decisions, including the devaluation of the peso, of attempting to destabilise his government with unfounded rumours.ARGENTINA: Protests and Disturbances Continue
The latest street protest in the centre of the Argentine capital ended Friday with looting of shops and stone-throwing against banks, after thousands of demonstrators banged on pots and pans to demand that the government allow them to gain access to their deposits.HEALTH-ARGENTINA: Crisis Threatens Patients’ Lives
Many cancer and transplant patients and diabetics in crisis-stricken Argentina are counting their survival by the day, unable to obtain the medicines on which their lives depend, even though pharmacies have the drugs on hand.ECONOMY-ARGENTINA: Prices to Determine Fate of Rescue Plan
The economic rescue plan of Argentina's new government went into effect Monday despite pressure from companies that will feel the impact of the nearly 30 percent devaluation. The new policies will now face a major test: the price test.ECONOMY-ARGENTINA: Prices to Determine Fate of Rescue Plan
The economic rescue plan of Argentina's new government went into effect Monday despite pressure from companies that will feel the impact of the nearly 30 percent devaluation. The new policies will now face a major test: the price test.ARGENTINA: End of the Alliance with Financial Sector
Argentine President Eduardo Duhalde announced Friday the end of a decades-long alliance between the political powers and the financial world, and the creation of a new development model based on a pact between the state and national productive sectors.ARGENTINA: Two-Party System Faces Trial by Fire
Argentina's institutional crisis has shaken the traditional political parties, which have been contested by the citizens in the streets, and even before that, at the polls.ARGENTINA: Duhalde, the Political Class’ Last Chance
Senator Eduardo Duhalde was sworn in Wednesday as president of Argentina until December 2003, designated by a majority of lawmakers in a joint assembly of the upper and lower houses of Congress. But it is yet to be seen whether the population's hostility towards the political class will abate.ARGENTINA: Who Will Take the Hot Potato as Turmoil Continues?
The main parties in crisis-stricken Argentina reportedly reached agreement Monday that Peronist Senator Eduardo Duhalde will replace interim President Adolfo Rodríguez Saá, who resigned Sunday, to govern until 2003.2001-2002: Fighting the North’s Farm Trade Barriers
The group of nations that are major exporters of farm products, which includes countries at varying degrees of economic development, will face the challenge in 2002 of tearing down protectionist barriers during the new round of multilateral trade talks.ARGENTINA: New Wave of Violent Protests
Thousands of protesters spontaneously massed outside Congress and the Casa Rosada, the presidential palace, in the Argentine capital Saturday to demand that the new government adopt measures leading to more profound changes than the ones announced so far.ARGENTINA: Many Knots to Untie
Thousands jostled and shoved outside local government offices in Argentina Friday seeking job application forms, while others stood in long queues outside banks in over 30-degree heat, worried about their savings.ECONOMY-ARGENTINA: New Currency Met with Scepticism
A new currency will begin to inject liquidity into Argentina's depressed economy in January. But like the roughly 10 provincial and other bonds already in circulation, the parallel tender will merely prolong the final death throes of the country's convertibility system that pegs the peso to the dollar.ARGENTINA: Nothing Will be the Same, says New President
Argentina's new caretaker president, Adolfo Rodríguez Saá, designated by Congress for a three-month term, announced a moratorium on foreign debt payments Sunday, along with measures to create jobs and tackle the acute social crisis.« Previous Page — Next Page »
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