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.


Popular panda on loan from China dies in Thai zoo

Updated 17 September 2019

Popular panda on loan from China dies in Thai zoo

  • Staff said Tuesday they found no sign of illness or injury on the 19-year-old panda’s body
  • A zoo veterinarian said pandas have a life expectancy of 14-20 years

BANGKOK: Zoo staff in northern Thailand have donned black and white clothing and observed a minute of silence to mourn the sudden death of their popular male giant panda, who was on a long-term loan from China.

Officials said Chuang Chuang collapsed Monday in his enclosure at the Chiang Mai Zoo shortly after standing up following a meal of bamboo leaves.

Staff said Tuesday they found no sign of illness or injury on the 19-year-old panda’s body, and that he had recently passed a health checkup.

A zoo veterinarian said pandas have a life expectancy of 14-20 years. Chuang Chuang and his female mate arrived in Chiang Mai in 2003 on a 10-year loan that was later extended for another 10 years.