Once again, Argentina has become synonymous with crisis. The Argentine peso has already lost half of its value against the dollar this year, and the economy is projected to contract by at least 2 percent while inflation reaches 40 percent. Beleaguered President Mauricio Macri is asking the International Monetary Fund for additional assistant, only three months after finalizing a loan agreement. Not surprisingly, Macri’s domestic popularity has suffered, weakening his re-election prospects next year.
Bruno Binetti, research fellow at Inter-American Dialogue, discusses the Argentine peso, economy and government as the nation receives a $50 billion credit line from the International Monetary Fund.
What is behind the slide in the Argentine peso, and what more can the central bank do to address the problem? Is Macri making the right move by seeking help from the IMF, or will he pay a political price at home for embracing the Washington-based lender? Is Argentina at risk of falling into a full-blown financial and economic crisis this year?
Thomas Morante, Barbara Efraim, Horacio Verbitsky, Marcelo O. de Jesús
Por segundo año consecutivo, Donald Trump está al tope de las noticias y personajes relevantes en la encuesta GDA. Un año después de su llegada a la Casa Blanca, Estados Unidos atraviesa un período de polarización social, creciente desigualdad y deterioro institucional como pocos en su historia.
El 10 de diciembre, Mauricio Macri cumplió dos años como Presidente de Argentina. Para realizar un análisis sobre su presidencia, el jueves 7 de diciembre El Diálogo tuvo la oportunidad de presentar al periodista argentino Carlos Pagni, uno de los analistas políticos más influyentes ante la opinión pública de su país.
Lisa Viscidi, Director of the Energy, Climate Change and Extractive Industries Program, testified before the US House of Representatives Committee on Foreign Affairs on the subject of “Energy Opportunities in Latin America.”
Across Latin America, the sustained decline in global oil prices has had a profound impact on economic growth, political stability and the viability of resource nationalism – when governments assert more control over the nation’s natural resources.
Lisa Viscidi, Rebecca O’Connor
Reports ˙
˙ Italian Institute for International Political Studies
El 25 de mayo de 2016, el Diálogo Interamericano sostuvo un conversatorio con Elisa “Lilita” Carrió, diputada nacional Coalición Cívica para la Afirmación de un República Igualitaria (CC-ARI) para Buenos Aires, sobre el panorama congresal en Argentina.
So far, Macri has been successful in attributing the social pain of the reforms to the gravity of the situation he inherited. Still, Argentina’s patience could run out before the economy starts growing again.
The election of President Mauricio Macri may signal the start of a new era in Argentine energy policy and cooperation with the United States, but the new government still faces challenges to increasing oil and gas production and erasing energy subsidies.
As Latin American countries reassess their energy policies in light of lower oil prices, there is an opportunity to apply lessons learned from the US experience to enact regulations that mitigate environmental risks, strengthen public support, and attract investment.
As global oil prices collapsed over the last two years, regional governments have started to lose their leverage in the energy industry. To attract international investors, they must offer increasingly favorable terms, which means ceding more of their own control.
