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The incoming Argentine government is working on an economic plan and debt repayment scheme to meet its credit obligations but avoid additional austerity measures, President-elect Alberto Fernandez told the International Monetary Fund's managing director, Kristalina Georgieva, during a phone conversation on Nov. 19, Infobae reported.
Argentine President-elect Alberto Fernandez has vowed to reevaluate the government budget of his predecessor, Mauricio Macri, and said that Buenos Aires wouldn't implement austerity measures to meet debt obligations, Bloomberg reported Nov. 16.
After four years under President Mauricio Macri’s conservative leadership, the new administration in Buenos Aires will pursue state intervention and protectionist policies in an attempt to resurrect the country’s moribund economy.
Mounting nationalist sentiment will press Israeli leaders to extend more control over Palestinian territory, even if it means jeopardizing the diplomatic relationships critical to Israel's peace and prosperity.
Ecuadorian transportation unions and students went on an indefinite strike on Oct. 3, blocking roads in Quito, Guayaquil and across the country to protest fuel subsidy cuts that went into effect the same day, Reuters reported.
Mexico's government can never kill or capture enough cartel bosses to stem the country's breathtaking levels of violence. If it truly gets tough on corruption and earns locals' trust, though, it could begin to make some headway.
With dissident leader Juan Guaido faltering in his efforts to oust Venezuela's current government, foreign bondholders will go after the country's assets more aggressively -- hurting the economic prospects of any post-Maduro administration.
Argentine President Mauricio Macri has sent his predecessor and political opponent Cristina Fernandez de Kirchner a letter asking for her opinion on 10 "essential" economic and fiscal topics for the country, La Nacion reported May 6.