Central Puerto enables wind farm that will generate electricity for 95,600 homes

The Argentinean electricity generator Central Puerto commercially enabled this Thursday a wind farm in the town of Bahía Blanca, Province of Buenos Aires, which will have an estimated annual production of 368-gigawatt hours, enough to supply 95,600 homes. The Genoveva I, which has 21 windmills, demanded an investment of $123 million and was completed with the financing of $76.1 million, over a period of 15 years, granted by the International Finance Corporation (IFC), a member of the World Bank.

Government exchanges securities for $750 million to compress exchange rate gap

The bidding will be held on December 15, so that holders of eight peso bonds can exchange them for two bonds in dollars. It seeks to provide an outlet for funds that no longer want to invest in Argentina. The bonds offered are two issued in the last restructuring that yields 16% today. This operation aims to help decompress the exchange rate gap from around 80% where it is today, after having reached 150% weeks ago.

One out of every three children does not have access to essential food

Food insecurity affects more than 4.7 million children under 17. In this group, poverty has spread to 8.8 million people. Also, 2 out of every three children live in impoverished households. The increase is mainly registered in children between 5 and 12 years old, rising from 15.1% to 16.7%. It grey to a greater extent in adolescents between 13 and 17 years old, from 28.2% to 35.4%.