Argentina

Argentine Congress Passes Energy Bill, Opens Door for Shale Gas Development

Argentina’s Chamber of Deputies passed a bill yesterday that updates the country’s 47-year-old hydrocarbon law. The bill, which has President Christina Fernández de Kirchner’s support and has already been approved by the Senate, would ease foreign investment in energy exploration and production. Significantly, it includes regulations for off-shore and shale gas production—categories that were not … Read more

Argentine Bishop Urges Faithful to Assist in Search for Dirty War’s Kidnapped Children

The President of the Episcopal Commission for Social Pastoral Work in Argentina, Bishop Jorge Lozano, issued a call on Wednesday urging the country’s faithful to share information they may have regarding the fate of the children kidnapped during Argentina’s “Dirty War.” In the document, Bishop Lozano notes that, “There has been a network of silence … Read more

U.S. Judge Holds Argentina in Contempt

At a hearing yesterday, U.S. Federal Judge Thomas Griesa decided to hold Argentina in civil contempt of court, asserting that the country’s recent efforts to circumvent his ruling on debt repayment are illegal. Argentina’s Congress passed a law on September 11 that would replace Bank of New York Mellon Corp. as a bond trustee with … Read more

Shale Gas Development in Latin America

New technology and capital has boosted shale gas and tight oil production in the United States and Canada—a phenomenon dubbed the “shale revolution.” This revolution has important geopolitical implications and has shifted North America’s energy outlook from one of scarcity to one of abundance. The rest of the Western Hemisphere is also sitting on expansive … Read more

Will the Shale Gas Revolution Solve Argentina’s Economic Woes?

As the shale gas revolution sweeps across Latin America, many governments are beginning to see the industry—and the significant influx of foreign investment—as a quick stimulus to their sluggish economies. Argentina is no exception—with an estimated 16.2 billion barrels of shale oil and 308 trillion cubic feet (TCF) of shale gas in the Vaca Muerta … Read more

Argentine Doctors Tried for Involvement in Dictatorship

Three Argentine medical professionals that participated in the clandestine delivery of babies born to female prisoners during the military dictatorship from 1976 to 1983 will be prosecuted for the first time this week. Doctors Norberto Bianco and Raúl Martín, obstetrician Luisa Arroche, as well as former dictator Reynaldo Bignone and retired military general Santiago Riveros … Read more

Argentina Passes Debt Restructuring Bill

Early this morning, the lower house of the Argentine Congress passed a bill that will allow for the restructuring of its sovereign debt. After entering into session Wednesday afternoon, members passed the law Thursday morning with a vote of 134 to 99, just over the 129 votes needed for its approval. The vote comes after … Read more

Argentina: ¿En Default?

El “default” de Argentina tiene tantas lecturas como tenedores de bonos argentinos hay en EEUU. La apreciación sobre si el país está o no en cesación de pagos ha extendido el debate económico al campo político, en donde el concepto “soberanía” se ha agitado de manera preponderante por el gobierno de Cristina Fernández de Kirchner. … Read more

Founder of Abuelas de la Plaza de Mayo Reunited with Grandson

After 36 years of searching, Estela de Carlotto, president and founder of the Abuelas de la Plaza de Mayo (Grandmothers of the Plaza de Mayo) was reunited with her grandson in a private meeting in La Plata on Wednesday evening. Ignacio Hurbán, named Guido Montoya Carlotto by his biological mother, discovered his true identity after … Read more

Stocks Plummet as Argentina Defaults

Argentina’s stock market fell 8.4 percent on Thursday after the country slid into what Standard & Poor is calling a selective default. Despite emergency negotiations Wednesday night, holdout bondholders and Argentina’s Finance Minister Axel Kicillof were unable to reach a compromise. The default crisis was sparked by lawsuits led by Paul Singer for $1.5 billion … Read more

Monday Memo: Mercosur Summit – General Hugo Carvajal – Gov. Jerry Brown – Mexican Energy Reform – Argentine Debt

This week’s likely top stories: Mercosur leaders meet in Caracas; former General Hugo Carvajal returns to Venezuela; California Governor Jerry Brown visits Mexico; Mexican Congress discusses energy reform; Argentina nears its debt deadline. Mercosur leaders to address Israel at Mercosur summit: Brazilian President Dilma Rousseff is expected to lead Mercosur leaders in condemning Israel’s military … Read more

10 Things to Do: Patagonia, Argentina

Patagonia, the rugged, southern frontier region shared by Argentina and Chile, was once believed to be the home of a race of giants. It still looms large as a wild landscape where myth and reality coincide. The site of major hydro projects, the Argentine Patagonia also boasts four World Heritage sites. The best place to … Read more

Latin America at the Winter Olympics

Latin American and Caribbean countries may not be as well-known for their winter sports as Canada, Russia or the United States, but the region does have a storied tradition at the Winter Olympic Games. Argentina, the first Latin American country to participate, sent a five-man bobsled team to the second-ever Winter Games in 1928. Chile … Read more

Business Innovator: Lisa Besserman

Lisa Besserman could be at home anywhere in the world; but last year, the Queens, New York, native put down roots in Argentina to launch Startup Buenos Aires, to motivate, support and connect startups across the globe. The 29-year-old tech entrepreneur, named one of the “100 Most Influential Tech Women on Twitter” by Business Insider … Read more