The administration of President Alberto Fernández on Monday an exceptional help for the less wealthy society in the face of the inflationary jump and summoned referents of the economy to advance in the creation of a business taxwhich must be dealt with by the National Congress.
Prior to his trip to Washington to participate in the spring meetings of the IMF, the World Bank and the G-20, Economy Minister Martín Guzmán affirmed that the goals for the first quarter were met: reduction of the fiscal deficit, lower monetary issue and accumulation of reserves from the BCRA.
Argentina recently agreed with the IMF on a debt restructuring for some US$44 billion, which implies monitoring the agreed goals every three months.
S&P Merval and shares
The S&P Merval stock index of Argentine Stock Exchanges and Markets (BYMA) in Buenos Aires rises 0.8% to 91,981.85 points.
On the leading panel, the biggest raises went to Loma Negra (+2.5%), Pampa Energia (+2.4%), and Telecom (+1.3%). On the other hand, the greatest casualties were for Cresud (-2.7%), Aluar (-1.7%), and Transener (-1.3%).
Meanwhile, Argentine stocks on Wall Street trade with ups and downs. Highlights are the increases in Mercado Libre (+5.9%), Globant (+2.7%) and Pampa Energía (+2%). The largest decreases corresponded to Cresud (-3.9%), YPF (-2%) and Corporación América (-1.6%).
Source: Ambito
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