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China's Xi Stresses Closer Ties With Argentina On Trade, Mining

ARGENTINA
  • President Xi Jinping said China and Argentina should implement existing hydropower and railway projects and deepen cooperation in trade, industry, infrastructure, investment and anti-epidemic efforts, Xinhua cited him as saying in a meeting with his Argentine counterpart, Alberto Fernandez, on Sunday.
    • Argentina will receive Chinese financing for more than $23.7 billion, of which $14 billion were already approved for infrastructure projects and the rest will be decided for the Belt and Road initiative, the South American nation said in a statement. (Bloomberg)
  • Argentina made a scheduled payment of $370 million to the International Monetary Fund, according to a person with direct knowledge who asked not to be named because the matter is not public.
  • Economists see inflation in Argentina reaching 55% by the end of this year and 45% by end-2023, according to the central bank’s monthly survey published Friday.
    • Economy seen growing 3% in 2022; 2.2% in 2023.
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