One year after Argentina’s request to withdraw from the World Health Organization, the process has been completed, and the South American country is no longer part of the organization.

 

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Una publicación compartida por Diario El Ciudadano (@diarioelciudadano)

Similar to the United States, which also broke with the WHO after Donald Trump’s election victory, Argentina has left the WHO. The request was submitted in February 2015, when the government cited disagreements in the response to the COVID-19 pandemic.

Foreign Minister Pablo Quirno announced the news, explaining that “the withdrawal from the WHO also entails a new assertion of sovereignty and a veiled criticism of multilateralism.”

According to the official, the country will continue to promote “international cooperation in health through bilateral agreements and regional forums, fully safeguarding its sovereignty and its decision-making capacity regarding health policies.”

Argentina has strongly criticized the lockdown model promoted by the WHO during the pandemic, calling it a crime against humanity.

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Recent data from the Argentine Ministry of Economy indicate that in February the primary fiscal surplus grew by 20.5 % compared to the same period in 2025.

However, this also showed a 54.8 % drop compared to the surplus recorded last January.

The report indicates that in February the country had “a financial surplus (including debt service payments) of 144.421 billion pesos, a year-on-year decrease of 53.5 %.

This figure also marks a drastic decline compared to the financial surplus of 1.1 trillion pesos in January.”

Total revenues grew 21.2 % year-on-year and primary expenditures 21.3 %. Furthermore, debt interest payments totaled 1.26 trillion pesos.

“According to the 2026 Budget prepared by the Javier Milei administration, Argentina expects to close this year with a primary surplus equivalent to 1.5 % of GDP and a positive financial balance equivalent to 0.3 % of GDP,” the local entity stated.

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La entrada Argentina recorded a primary fiscal surplus of 20.5 % in February apareció primero en Bitfinance.

The government of Javier Milei in Argentina will promote tax and labor reform, according to Economy Minister Luis Caputo during his participation in the Idea Colloquium.

Regarding labor reform, the official indicated that the changes are fundamental to ridding the country of an archaic, rigid system where the working class is the most affected and where employment does not grow. Consequently, a labor system is needed that is “more agile, more dynamic, and that puts an end to the lawsuit industry, which favors a small handful against all Argentines.”

Regarding tax reform, Caputo emphasized that it will focus on “eliminating many taxes, lowering others, and simplifying the tax regime.” He also mentioned that “there will be significant incentives to develop domestic savings.”

The minister addressed key issues such as the capital market, long-term domestic savings, the fiscal deficit, and private sector investment, all while considering a new development model.

Caputo urged business leaders and executives to embrace the change: “At this point, I find it almost archaic for people to believe that the only way Argentina can be competitive is by having a weak currency. A weak currency is nothing more than a reflection of a weak economy. It also seems to me that it’s an understatement to you, to the business community, to tell you that the only way you can be competitive is by having a depreciated currency.”

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The Argentine government will tighten entry requirements through a decree of urgency and necessity that Javier Milei could announce shortly. The measure represents a modification to the requirements for obtaining citizenship and permanent residence in the country.

The measure was announced this Wednesday, May 14, although no further details of the government’s decision are known. It was preceded by the president’s speech in an ordinary session of Congress on March 1.

Argentine authorities have so far referred to stricter requirements for migrants wishing to obtain permanent residence in the country as well as citizenship.

With this decision, Milei has drawn comparisons to Donald Trump, President of the United States, who has caused unrest with deportations and legal measures against citizens who enter the country illegally or engage in illegal behavior once inside.

M.Pino

With information from national and international media and agencies

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The dollarization of the economy in Argentina, promoted by President Javier Milei, is advancing rapidly. Now citizens will be able to pay in stores in pesos, the local currency, or in dollars, thanks to the legal provisions in force.

“So that merchants can accept payments in dollars with a debit card, the BCRA ordered that acquirers and sub-acquirers have the tools ready to accept payments in dollars before February 28,” local sources indicate.

In addition, the BCRA Board of Directors has incorporated payments with debit cards, in pesos and in dollars, into the interoperable QR terminal. This opens the door to transfers in US currency, as well as credit card and gift card payments. Payments can be made and received “by scanning any QR code that supports the payment instrument enrolled in the wallet.”

Regarding the deadlines for the implementation of these measures, it was learned that the participating entities “will have until February 28 to implement the Scheduled Debin. For its part, the incorporation of the interoperable QR for debit card payments in dollars and pesos must be operational before April 1.”

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La entrada Argentina moves towards dollarization of its economy apareció primero en Bitfinance.

The risk rating agency Fitch Ratings issued its report on the fiscal deficit in Latin America for the first half of 2024, where an increase is seen in Brazil, Mexico, Chile and Colombia. On the other hand, it highlights the improvements in the public sector accounts of Argentina, Ecuador, Guatemala, Nicaragua and Paraguay.

Two realities in terms of regional economy that show the deterioration of fiscal accounts in the first block of four countries, in opposition to more effective positions such as those implemented by the government of Javier Milei in Argentina, followed by other positive measures in Ecuador, Guatemala, Nicaragua and Paraguay.

According to the Fitch Ratings report: “Fiscal deficits mostly widened as post-pandemic revenues began to decline, primary spending fell in line with past inflation, and high financing costs raised interest bills. . In 2024, the deterioration has continued, as spending has exceeded income, with some exceptions.”

By comparing the fiscal result “of the last years of each country with the fiscal result of the last 12 months as of June 2024 (with the exception of Bolivia and Colombia, whose latest data is as of April), the risk rating agency establishes that Argentina closed the last year with a fiscal deficit of -4.4 % of GDP. As of June 2024, its fiscal deficit corresponding to the last twelve months was -0.6 %. Its fiscal goal for 2024 is full balance (0 %).”

In the case of Brazil, the nation closed 2023 with a fiscal deficit of -7.5 % of GDP; accumulated -7.8 % fiscal deficit in the last 12 months to June 2024 and its goal for 2024 is -5.2 %.

Chile, another country where the fiscal deficit increased, ended 2023 at 2.4 %. By June 2024, the deficit reached -3.6 % and its fiscal goal is -1.9 %.

Colombia, on the other hand, “closed 2023 with a fiscal deficit of -4.3 %. Taking April 2024, in the last 12 months it accumulated a -6.2 % deficit. The goal for the end of 2024 is -5.6 %.”

Ecuador closed 2023 with a fiscal deficit of -5.3 %. In the last 12 months to June it reached -3.9 % and its fiscal goal for the current year is -3.5 %.

Mexico, another country where the fiscal deficit increased despite being the second most important economy in Latin America, closed 2023 at -3.3 % and in the last 12 months to June 2024 it rose to -4.1 %. The Mexican Government plans to close 2024 at -4.9 %.

Guatemala, a Central American country among those that have improved by improving its performance, closed 2023 with a deficit of -1.3 %, “while as of June 2024 it accumulated, in the last 12 months, a deficit of -0.5 %. The goal for 2024 is -2.4 %.”

Nicaragua, which is also among the best performing nations, closed 2023 “with a surplus of 2.7 %. The index rose by 2.9 % if the last 12 months to June 2024 are taken. The goal for 2024 is a surplus of 0.9 %.”

In the case of Paraguay, the fifth economy mentioned in the Fitch Report that has also improved public spending closed 2023 with a deficit of -4.1 %; in the last 12 months to June 2024 it was -3.1 % and has a fiscal goal to end 2024 of -2.6 %.

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Through an official bulletin from the National Telecommunications Entity (Enacom) of Argentina, the government of Javier Milei announced the elimination of regulations on the price of mobile telephone, cable and Internet services.

Resolution 13, dated Thursday, June 27, indicates: “Repeal the Enacom Resolutions”, concerning the limits of between 5 and 10 % per month on rates for said services.

The measure was signed by “the auditor of the organization designated by the Government, Juan Martín Ozores, and by two other deputy auditors,” thereby eliminating the regulations of the previous administration, authorizing telecommunications companies to establish price increases they may consider.

The Milei administration had taken legal measures regarding restrictions on public information and communications technology (ICT) services imposed by the previous government. In fact, there is a decree of necessity and urgency (DNU) issued in April.

In any case, it is important to highlight that the Argentine population has been taking measures to reduce expenses on telecommunications services. “A recent study by the Argentine Internet Chamber (Cabase) indicated that 67.5 % of Argentine households took some measure to cut the cost of internet service, and that 65.3 % also reduced their expenses on pay television services.

The cost of internet service currently represents 4 % of monthly income, compared to 2024, when it was 3 %. “The UN Broadband Commission for Sustainable Development proposed as a goal for 2025 that the costs of broadband services, fixed and mobile, will represent from 5 to less than 2 percent of the gross monthly national income per capita of each country.”

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La entrada Argentina eliminated regulations on mobile phone, cable and Internet prices apareció primero en Bitfinance.

Cryptocurrencies are a strong option in Argentina, where inflation does not let up. Now, Javier Milei, president of the nation, has his memecoin: Milei Moneda ($MEDA).

According to virtual currency enthusiasts in the nation and those behind the project, the $MEDA memecoin will offer three main advantages: access to exclusive NFT collections, NFT staking rewards, and membership perks such as discounts, exclusive content, and access to special events.

Among the best-known and best-positioned memecoins are Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), Samoyedcoin (SAMO) and MonaCoin (MONA).

As for NFTs, Donald Trump has his and, according to analysts, “they rebound quite strongly.”

Through their social networks, the creators of the project enthusiastically invite the public to join this “adventure.” Although the virtual currency is not intended to promote Milei’s political current, it will undoubtedly be favorable to him.

M.Pino

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La entrada Memecoins welcome the Milei Moneda apareció primero en Bitfinance.

Starting in April, pensions in Argentina will be adjusted to the inflation index according to a Decree of Necessity and Urgency signed this Saturday by President Javier Milei.

It is expected that in April, pensioners will begin to receive an increase in their pensions according to the inflation index. For that same month, and on a one-time basis, an increase of 12.5 % ​​will be assigned.

The president of Argentina made the official notification about the increase in salaries through his account on the social network, where it reads: “The Office of the President informs that, due to the impossibility of resolving the problem of retirement salaries through the ordinary legislative treatment with the speed that the matter requires, and in the face of the liquefaction caused by the pension formula sanctioned by the previous administration, the President of the Nation has decided to sign a DNU to establish a new retirement formula and solve the problem once and for all. and definitively.”

Thus, next month retirees will receive monthly increases anchored to the Consumer Price Index (CPI, inflation indicator). The additional 12.5 % ​​only in the indicated month will be granted “in reparation for the damage caused by the pension formula of the previous Government.”

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La entrada Argentina: Government adjusts pensions to the inflation index since April apareció primero en Bitfinance.

In the midst of the changes that are being experienced in Argentina, particularly established by President Javier Milei, the country is at the top of the adoption of cryptocurrencies.

It is estimated that in the country, more than 20 % of citizens own and trade digital currencies, which is significant when compared to the data from the last census, which determined a population of 46 million people.

The increase in the adoption of cryptocurrencies is supported by the desire to protect themselves from the devaluation of the peso, according to the Argentina Capital Crypto report, “prepared by the Lemon virtual wallet” and which studies “the regulatory and tax panorama of the sector, composition of the local ecosystem and the unique opportunity that the nation has to become a major global player.”

Inflation in Argentina is hitting the peso, the local currency, hard. Consequently, citizens look for financial alternatives that provide them with security and confidence.

Currently, digital currencies are integrated into the daily economy through various platforms that operate in the country. According to accountant Lucas Strasorier to iProUP, “what was previously difficult became routine. The platforms have made it easy to buy, sell and use cryptocurrencies. They can be used quickly, cheaply and securely to send and receive money outside the country. This makes them a great option for those who have family or friends abroad.”

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