Argentine bank president says economy healing

Sandleris defended the government's belt-tightening measures and said protests in the country are more to do with the recession. (File/AFP)
Updated 23 January 2019

Argentine bank president says economy healing

  • Though the deficits are heading in the right direction, Sandleris said inflation remains too high
  • President Mauricio Macri negotiated a $56 billion stand-by financing facility with the International Monetary Fund

DAVOS: Guido Sandleris, president of the Central Bank of Argentina, says the country is “much better prepared” for the challenge of a slowdown in global trade and the rise in interest rates in major economies, following its recession.

Speaking at the World Economic Forum, Sandleris said Argentina had previously not been strong enough to cope with those twin challenges amid high inflation at home and big fiscal and trade deficits. As a result, President Mauricio Macri negotiated a $56 billion stand-by financing facility with the International Monetary Fund.
Though the deficits are heading in the right direction, Sandleris said inflation remains too high.
Sandleris defended the government's belt-tightening measures and said protests in the country are more to do with the recession — the economy is expected to shrink further this year — than any anger against the IMF.


Pentagon chief says keeping some troops in north Syria under discussion

Updated 30 min 32 sec ago

Pentagon chief says keeping some troops in north Syria under discussion

  • Esper said that while the withdrawal from northeastern Syria was under way, some troops were still with partner forces near oilfields
KABUL: US Defense Secretary Mark Esper said on Monday that keeping some US troops in parts of northeastern Syria near oilfields with Syrian Democratic Forces (SDF) to ensure that the oil did not fall into the hand of Daesh or others was one of the options that was being discussed.

Speaking with reports during a trip to Afghanistan, Esper said that, while the withdrawal from northeastern Syria was under way, some troops were still with partner forces near oilfields and there had been discussions about keeping some of them there.

Esper said he had not presented that option yet, but the Pentagon’s job was to look at different options.