Argentina
Argentine banks fear scandal's impact on economy
Argentina's panic-stricken banking sector called for swift government action on Feb 15, 2001 to resolve a money-laundering scandal that has enveloped the country's top central banker, saying it was threatening to derail the long-stagnant economy's…
Argentina's Cavallo not interested in CenBank post
A spokesman for Argentina's Domingo Cavallo said Feb 14, 2001 the former economy minister was not interested in replacing the Central Bank chief, whose job has been threatened by a money-laundering scandal. Cavallo, a Wall Street favourite and the…
Argentina seeks probe into money-laundering
The Argentine government, embroiled in a money-laundering scandal threatening the job of the Central Bank chief, requested on Feb 12, 2001 an investigation involving local and foreign banks and a Mexican drug cartel. Federal Judge Adolfo Bagnasco has…
Argentina to monitor banks amid laundering claims
The Argentine government said on Feb 9, 2001 it had set up a commission to monitor the country's banks in response to a U.S. congressional probe into the role of U.S. banks in laundering dirty money from drug dealing, corruption and organized crime. The…
Uruguay to see 2% growth in 2001
Uruguay's economy minister said Tuesday he expects the small South American economy to shake two years of recession and economic stagnation and grow by 2% in 2001.
Argentina awaits emergency package from IMF
An emergency economic package required by the IMF will be passed in full within 30 days, Jose Luis Machinea, Argentina's economy minister, insisted on Thursday.
Brazil's cenbank intervenes in FX markets
Brazil's central bank intervened in the foreign exchange markets today, saying that it does not want the real to strengthen too much against the dollar as it could be detrimental to Brazil's trade balance.
Brazil's Fraga confident in Argentina's recovery
Brazil's central bank chief Arminio Fraga said Thursday he is confident that neighboring Argentina will leave its economic woes behind although there will be no "instant miracle."
Governors under siege
The Quarterly Journal of Central Banking says in an editorial that far-reaching international movement during the 1990s to grant centralbanks legal independence has represented a major step forward in publicpolicy, but, as recent events have demonstrated…