Original version

BBC World Service News Internet

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

BBC World Service Australasia

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service Online

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service

BBC World Service South Asia

BBC World Service Europe and the Middle East

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service East Asia

World Business Report: First broadcast 13/12/2023 15:32 GMT : Argentina's economy: short-term pain for long-term gain?

Bulletins

rsz_gettyimages-1845445258_1.jpg

First broadcast 13/12/2023 15:32 GMT 

First broadcast 13/12/2023 15:32 GMT : Argentina's economy: short-term pain for long-term gain?

Argentina's economy: short-term pain for long-term gain?

BBC World Service - World Business Report, Argentina's economy: short-term pain for long-term gain?

Argentina has announced plans to devalue the peso by more than half

Argentina's economy minister Luis Caputo has announced plans to devalue the nation's currency by more than half.  The move has been welcomed by the International Monetary Fund.

Argentina's Minister for the Economy, Lewis Caputo, has announced plans to devalue the peso by more than half.  The move has been welcomed by the International Monetary Fund, which says it may help boost private sector investment.  Argentina is battling soaring inflation, with prices rising by around 150% over the last year. It is also struggling with low cash reserves, high government debt, while 40% of the population is living below the poverty line.

A new climate deal has been approved at the UN's COP 28 summit in Dubai. There's a reference in the text to 'transitioning away' from fossil fuels. The COP28 president, Sultan Al Jaber, said the conference had delivered world first, after world first.

We hear from LIV Golf Chief Executive Greg Norman about the proposed merger with the PGA Tour as the deadline looms.

(Picture: President of Argentina Javier Milei gives a speech after his Inauguration Ceremony at "Casa Rosada" Presidential Palace on December 10, 2023 in Buenos Aires, Argentina. Credit: Marcos Brindicci/Getty Images)

Accessibility links

Programme Index

World Business Report

First broadcast 13/12/2023 15:32 GMT : Argentina's economy: short-term pain for long-term gain?

Genres

Formats

Brand

BBC World Service News Internet

About BBC World Service