Chief Cabinet Minister of Argentine Nation #Marcos Peña

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BUENOS AIRES, Aug 30 (Reuters) – Argentina is looking for ways to quicken its fiscal belt-tightening effort in a bid to reduce financial risks, cabinet chief Marcos Pena told reporters on Thursday, after a more than 7 percent slide in the value of the peso the day before.

El jefe de Gabinete de la Nación, Marcos Peña, desmintió los rumores de cambios en el Gobierno y aseguró que “no estamos ante un fracaso económico”.

“Claramente no es la solución en la que está pensando el Presidente. No hay una solución mágica. Estamos encaminados a lograr el equilibrio fiscal, que es el eje central para reducir nuestras vulnerabilidades. Claramente hay problemas, pero hay que ver la película y no la foto”, dijo Peña, quien reconoció que en el Gobierno han sido “muy ambiciosos con las metas de inflación”.-Politica

Argentina’s government has unexpectedly asked for the early release of a $50bn (£37.2bn) loan from the IMF amid a growing economic crisis.

President Mauricio Macri said the move was designed to restore confidence in the Argentine economy.

The Argentine peso has lost more than 40% of its value against the US dollar this year and inflation is rampant.

The IMF confirmed on Wednesday it was looking to strengthen the arrangement and changing its phasing.

“I stressed my support for Argentina’s policy efforts and our readiness to assist the government in developing its revised policy plans,” Christine Lagarde, managing director of the International Monetary Fund (IMF), said in a statement.-BBC

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FILE - Argentina's President Mauricio Macri gestures during a news conference at the Olivos Presidential Residence in Buenos Aires, May 16, 2018.

Argentina’s President Mauricio Macri plans to report Venezuela’s government to the International Criminal Court at The Hague for alleged crimes against humanity, according to an interview broadcast on CNN’s Spanish service on Sunday night.

Macri said he would seek to refer socialist President Nicolas Maduro’s government “in the coming weeks”, and that he had the backing of the presidents of Colombia, Chile and Paraguay.

“For me, there is no doubt: In Venezuela, human rights are systematically violated by steamrolling the opposition and everyone. There is a growing sense that we need to take more forceful action,” he said, according to a transcript of the interview carried by Miami’s Nuevo Herald, in which CNN interviewer Andrés Oppenheimer has a column.

“Maduro has not changed at all. I am not optimistic in the short term of what is going to happen in Venezuela,” Macri added.-VOA NEWS




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