International
The IMF approves the disbursement of another 800 million dollars for Argentina
The Executive Board of the International Monetary Fund (IMF) approved the eighth revision of the agreement with Argentina, which allows an immediate disbursement of approximately 800 million dollars for the country.
The financial agency indicated in a statement that this disbursement “will support the efforts of the authorities to restore stability and strengthen Argentina’s external viability.”
The total disbursements made under the Fund’s agreement with Argentina amounts to about 41.4 billion dollars.
The IMF stressed that, when completing the review, “the Executive Board considered that the program was firmly on track, with all the quantitative performance criteria until the end of March 2024 met with margins.”
“Non-compliance exementions for a new exchange rate restriction and multiple exchange practices were also approved in the context of some relaxation of the restrictions on the payment of dividends.”
To maintain solid progress, according to the IMF, “it is necessary to improve the quality of fiscal adjustment, to initiate steps towards an improved monetary and exchange policy framework, implement the structural agenda.”
Likewise, “continue efforts to support the most vulnerable, expand political support and ensure agility in the formulation of policies.”
In March 2022, the then Government of the Peronist Alberto Fernández (2019-2023) signed an agreement with the IMF to refinance loans for about 45 billion dollars that the agency had granted to Argentina in 2018, during the presidency of the conservative Mauricio Macri (2015-2019).
The pact includes quarterly revisions such as the one now surpassed on the level of compliance with demanding goals in terms of fiscal discipline, accumulation of monetary reserves and limits on monetary issuance.
The approval for new disbursements to Argentina by the agency depends on the fulfillment of those goals and the approval of each review, funds that, in turn, the South American country uses to cancel its debt to the entity, which amounted to 40,899 million dollars at the end of 2023.
On Tuesday, the Argentine Minister of Economy, Luis Caputo, said that he will negotiate a new program with the IMF after the eighth review of the organization: “From there we will begin to negotiate a new program with them,” he said.
The IMF had highlighted in a statement last May that Argentina reached this eighth review with a “stabilization plan” where it could reach “the first quarterly fiscal surplus in sixteen years,” a “rapid fall in inflation” and “a strong reduction in sovereign risk.”
Argentina had passed this last review in May, but that step had to go through a formal procedure and be approved by the Executive Board of the IMF, something that took place this Thursday, to receive the 800 million.
This eighth review corresponds to the first quarter of 2024, a period marked by the drastic change in economic policy in Argentina after the arrival of Javier Milei to the presidency in December and the implementation of a severe adjustment plan to recover the fiscal surplus this year.
International
Austrian man arrested in Croatia with deceased woman as passenger in his car
A 65-year-old Austrian citizen was arrested at a border checkpoint in Croatia after attempting to enter the country in his car with a deceased woman sitting as a passenger, police announced on Tuesday.
The man was detained in a routine check in late November in Gunja, a border area separating Bosnia from Croatia, the police told AFP. Suspicious because they saw “no consciousness or movement” from the passenger, Croatian officers called a doctor, who confirmed the death of the 83-year-old woman, also Austrian, according to her identification.
The woman’s relationship to the suspect is unknown. She had died in Bosnia, and the man intended to repatriate her body to Austria to “avoid the formalities related to transporting a corpse,” according to the police. Croatian media reported that the man was her legal guardian.
Once her death was confirmed, a funeral service took charge of the body.
International
Colombian nationals arrested for human trafficking and disappearance of migrant boat
Colombian authorities arrested two nationals accused of the illegal trafficking of migrants to the United States and of endangering lives due to the disappearance of a boat with 40 people aboard, U.S. Department of Justice officials reported on Tuesday.
Hernando Manuel de la Cruz Rivera Orjuela, 52, and Luis Enrique Linero Pinto, 40, both Colombian citizens, were arrested on December 13 in Colombia at the request of the United States for their alleged involvement in a “transnational human trafficking operation,” the department said in a statement.
According to the charges, the detainees were transporting migrants to San Andrés Island in the Caribbean, where they would then be taken by boat to Nicaragua. The goal was to reach the United States through Central America and Mexico.
The accused are said to have advised the migrants on how to reach San Andrés Island, where they personally received them, arranged accommodations, and “took them to the boats that transported them to Nicaragua so they could enter the United States illegally,” the statement reads.
“These defendants put several migrants on the boat that disappeared off the coast of Nicaragua in 2023,” said Deputy Attorney General Nicole M. Argentieri, head of the U.S. Department of Justice’s Criminal Division, as cited in the statement.
Both men are “directly and personally responsible for the illicit trafficking of migrants on that vessel,” according to the indictment dated October 23.
International
Homemade landmine explosion in Michoacán kills two soldiers, injures five
Two soldiers were killed and five others were injured by the explosion of homemade landmines planted by a criminal group in a mountainous area of the Mexican state of Michoacán (west), the Secretary of Defense reported on Tuesday.
The attack occurred on Monday morning in the municipality of Cotija, a border area between Michoacán and the state of Jalisco, when the military was conducting a reconnaissance mission after receiving information about an armed camp in the area, explained Secretary General Ricardo Trevilla.
“At that moment, an improvised explosive device detonated. Unfortunately, two soldiers lost their lives, and five others were injured,” the military leader detailed. The affected soldiers were airlifted to hospitals in the region by a military helicopter, while the rest of the team continued with the reconnaissance of the area.
Trevilla stated that before the explosion, the military unit had located the dismembered bodies of three people, and upon continuing the mission, they confirmed the camp was abandoned.
Asked about the individuals responsible for placing the explosives, the general suggested they could be criminals linked to the local group Cárteles Unidos, which operates in Michoacán and uses these tactics in their territorial dispute with the Jalisco New Generation Cartel, one of the most powerful criminal organizations in the country.
Austrian man arrested in Croatia with deceased woman as passenger in his car
Colombian nationals arrested for human trafficking and disappearance of migrant boat
Homemade landmine explosion in Michoacán kills two soldiers, injures five
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