Brazilian President Jair Bolsonaro on Wednesday hosts Argentina’s Foreign Affairs Minister Felipe Solá, who will also meet his counterpart Ernesto Araújo. They will discuss bilateral trade, the Mercosur customs union and Venezuela, according to official sources in Brasilia. Relations between the two key trade partners worsened late last year as Bolsonaro’s far-right administration clashed with Alberto Fernandez’s left-leaning government.
State-owned Aerolíneas Argentinas will add new flights to New York and Madrid this year and get its five Boeing 737 MAX airplanes back online, said Pablo Ceriani, the CEO of the company appointed in December by Argentine president Alberto Fernández. With a current operating deficit of $570 million, Ceriani expects income to hit $1.7 billion in 2020 thanks to the sale of nearly 13 million tickets.
The U.S. Department of Commerce has decided to remove Argentina and other 24 countries of their list of developing countries, which may restrict trade benefits granted to nations in this category. According to Argentine Foreign Ministry sources, the measure “still has no direct consequences” and the Embassy in Washington will continue to monitor the issue.
A little more than three million foreign tourists visited Argentina in the twelve months of 2019, this is 11.1% more than the previous year, according to the latest International Tourism Statistics report from the National Institute of Statistics and Census (Indec) . On the contrary, about four million Argentinians travel abroad, which meant an inter-annual fall of 11.9%. In December, arrivals increased 3.3% and departures fell 13% year-on-year.
A team of experts from the International Monetary Fund (IMF), due to arrive in Argentina this Wednesday for crucial talks with the government, have extended their visit by a further four days. The team will be headed by Julie Kozack, the IMF’s deputy director of the Fund’s Western Hemisphere Department, and Luis Cubeddu, the IMF’s mission chief for Argentina, and will remain in the Argentine capital until February 19 “to permit dialogue and deeper work on [debt] issues,” a Fund spokesperson said.
Argentina will postpone until Sept. 30 the payment of capital of $1.47 billion he AF20 Dual Bonds maturing on Thursday, the Ministry of Economy announced. The interest ($105 million) will be paid in term as well as the payment in full to individuals with bonds of up to $20 thousand ($9.3 million). After the announcement, Argentine over-the-counter bonds fell an average of 1% on Tuesday, while the country’s risk index expanded 100 basis points to 1982, according to the JP Morgan Plus index.