The use of electronic money in all its variants grew by 9.1%

One year after the coronavirus pandemic outbreak, Argentines are already in the habit of using their money digitally through the multiple channel options made available by the financial system. The use of electronic money increased 43% in the number of transactions adjusted for inflation, while the use of all channels as a whole increased by 9.1% compared to a year earlier.

IMF improved its growth estimate for Argentina, will grow 5.8% in 2021

Argentina will grow 5.8% according to the estimates of the International Monetary Fund (IMF) in its World Economic Outlook (WEO) report, improving its previous forecast by almost one point. The national government expects a 7% growth of the Gross Domestic Product as a base for 2021, based on indicators that ratify a consolidation of the recovery of activity, employment, and the strengthening of public accounts. For the year 2022, the Fund expects a moderation in growth: it foresees an advance of 2.5%.

Atucha III agreement with China moves forward with an investment of $7.9 bn

The Government is negotiating with China a package of investments in infrastructure works. Total disbursements will be around $35 billion. Among the priority projects are the construction of the Atucha III nuclear power plant. A consortium of Chinese banks led by the Industrial and Commercial Bank of China (ICBC) will finance it. It foresees a concession-type loan of $ 7.9 billion, which would cover 85% of the reactor's price. This amount would make the nuclear power plant the most significant Chinese investment outside its borders.