Industries and markets

Argentina: New Transparency and Accountability Standards for Oil, Gas and Mining

Argentina is now adhering to the Extractive Industries Transparency Initiative (EITI) which is a global standard to promote open and responsible management of oil, gas and mining resources. Currently, more than 50 countries are implementing

Argentina: Introducing the ECHEQ

On July 1, Argentina Central Bank BCRA published Communication A6578 which introduces the issuance of electronic checks called ECHEQ. Thus, Argentina creates a new and innovative payment instrument that coexists with the current system of

Bolsonaro warns of Argentine exodus into Brazil if the “leftist scoundrel” Cristina Fernandez returns to office

“Cristina Kirchner who was president from 2007-2015 after succeeding her husband, has been tainted by corruption scandals but remains popular.”

Bolsonaro Says Brazil is Prepared to Overcome a World Economic Recession

“The president is confident that the measures recently adopted by Brazil would keep the nation out of a global recession.”

Senate Consultancy Deems Eduardo Bolsonaro’s Ambassadorial Appointment Nepotism

“The opinion, signed by two experts, considers that an ambassador is a civil servant, which would forbid the appointment of relatives up to the third degree of kinship.”

Bolsonaro administration has privatized some US$ 20bn of assets

“We want to sell assets to reduce the size of the state and the size of debt. Our state is rich, but the population is poor. In the past, the state used the citizen, but

Argentina: New Conditions for Issuance of Credit and Debit Notes

Argentina`s tax authority AFIP detected a practice of certain taxpayers which could possibly distort tax-relevant information. Specifically, some companies issue their own credit and debit notes in order to adjust the operations they carry out

Argentina’s treasury minister resigns, senior official says

“The resignation came three days after President Nicolas Macri announced his conservative administration is temporarily increasing the minimum wage, reducing payroll taxes and implementing other steps to help Argentine workers as the country struggles to

Brazil is Negotiating US$500 Million Loan with BRICS New Development Bank

“The money will be transferred to the country’s municipal governments for sanitation, waste treatment, and renewable energy. The investment should happen early next year.”

Fitch downgrades Argentina’s long term debt, fearing the risk of default

“Argentina’s Peso ended a tumultuous week on Friday having shed 20% in its value against the dollar as Fitch cut the South American country’s long-term debt by two notches, citing increased uncertainty and a rising