International

Argentina president announces new IMF debt deal

AFP

Argentine President Alberto Fernandez unveiled a new debt repayment deal with the International Monetary Fund on Friday, the day a $700-million repayment was due.

The South American country was due this year to pay back $19 billion of its $44-billion debt to the IMF.

“Compared to previous ones Argentina signed, this deal does not include restrictions that would delay our development,” said Fernandez.

Details of the new deal are expected to be divulged later Friday by Economy Minister Martin Guzman.

20250501_mh_noexigencia_dui_728x90

20250501_vacunacion-influenza-728x90

20250501_vacunacion_vph-728x90

20231124_etesal_728x90_1

20230601_agenda_primera_infancia_728X90

domfuturo_netview-728x90

20240604_dom_728x90

CEL

Under the previous deal, Argentina would have to repay $19 billion this year, $20 billion next year and another $4 billion in 2024.

The center-left government had repeatedly said the repayment schedule was unsustainable given their lack of reserves, and was pushing for a restructuring of the repayment schedule.

“We had an unpayable debt that left us without present or future, and now we have a reasonable deal that will allow us to grow (the economy) and fulfill our obligations throughout our growth,” said Fernandez.

“This understanding plans to sustain the economic recovery that has already begun.”

Fernandez said the deal crucially would not force the government to reduce public spending and would allow it to increase investment in public works.

20250501_mh_noexigencia_dui_728x90

20250501_vacunacion-influenza-728x90

20250501_vacunacion_vph-728x90

20231124_etesal_728x90_1

20230601_agenda_primera_infancia_728X90

domfuturo_netview-728x90

20240604_dom_728x90

CEL

Fernandez’s liberal predecessor Mauricio Macri originally agreed a $57-billion loan with the IMF in 2018, but when his successor took office a year later, Fernandez refused to accept the final $13-billion disbursement.

After successfully restructuring a $66-billion debt with private international creditors in 2020, Argentina began negotiations with the IMF to delay repayments.

The country experienced three years of recession until registering a 10 percent increase in GDP in 2021, although the economy had shrunk by as much the previous year as it suffered the worst effects of the coronavirus pandemic.

International

Kristi Noem credits Trump for mass migrant deportations by mexican president

U.S. Secretary of Homeland Security Kristi Noem claimed that Mexican President Claudia Sheinbaum has deported “more than half a million” migrants due to pressure from former President Donald Trump.

During a cabinet meeting highlighting the “achievements” of Trump’s administration in its first 100 days, Noem asserted that under the Republican leader’s influence, “Mexico has finally come to the table” to negotiate on migration and fentanyl trafficking.

“The president of Mexico told me she has returned just over half a million people before they reached our border,” Noem stated, criticizing media reports that suggest the Biden administration deported more migrants than Trump’s.

“I wish those deportations were counted,” Noem added, “because those people never made it to our border—she sent them back because you made her.” She went on to thank Trump: “They never made it here because they got the message—because you were so aggressive.”

Noem has made controversial claims about Sheinbaum in the past, prompting the Mexican leader to refute them.

20250501_mh_noexigencia_dui_728x90

20250501_vacunacion-influenza-728x90

20250501_vacunacion_vph-728x90

20231124_etesal_728x90_1

20230601_agenda_primera_infancia_728X90

domfuturo_netview-728x90

20240604_dom_728x90

CEL

On April 1, Sheinbaum responded to one such statement by declaring, “The president answers to only one authority, and that is the people of Mexico,” after Noem said on Fox News that she gave Sheinbaum “a list of things Trump would like to see” and that Mexico’s actions would determine whether Trump granted tariff relief.

International

Vatican releases special “Sede Vacante” stamps ahead of papal transition

he Vatican’s post offices and select collector shops began selling special edition stamps this week to mark the period between the death of Pope Francis and the election of his successor.

Known as “Sede Vacante” stamps, they feature an image used on official Vatican documents during the interregnum between popes — two crossed keys without the papal tiara. These stamps went on sale Monday and will remain valid for postal use only until the new pontiff appears at the window overlooking St. Peter’s Square.

Until then, they can be used to send letters, postcards, and parcels. “Once the new pope is elected, the stamps lose their postal validity, but their collectible value rises,” said Francesco Santarossa, who runs a collectors’ shop across from St. Peter’s Square.

The Vatican has issued the stamps in four denominations: €1.25, €1.30, €2.45, and €3.20. Each is inscribed with “Città del Vaticano” and “Sede Vacante MMXXV” — Latin for “Vacant See 2025.”

International

Conclave to choose pope Francis’ successor could begin in early may

The conclave, which in the coming weeks must choose the successor to Pope Francis, will strictly follow a precise protocol refined over centuries.

The 135 cardinal electors, all under the age of 80, will cast their votes four times a day — except on the first day — until one candidate secures a two-thirds majority. The result will be announced to the world through the burning of the ballots with a chemical that produces the eagerly awaited white smoke, accompanied by the traditional cry of “Habemus Papam.”

The start date for the conclave could be announced today, as the cardinals are set to hold their fifth meeting since the pope’s passing. Luxembourg Cardinal Jean-Claude Hollerich suggested it could begin on May 5 or 6, following the traditional nine days of mourning. According to German Cardinal Reinhard Marx, the conclave could last only “a few days.”

Although the late Argentine pontiff appointed the majority of the cardinal electors, this does not necessarily ensure the selection of a like-minded successor. Francis’ leadership style differed significantly from that of his predecessor, Benedict XVI, a German theologian who was less fond of large public gatherings. It also marked a contrast with the popular Polish pope, John Paul II.

The Argentine Jesuit’s reformist papacy drew strong criticism from more conservative sectors of the Church, who are hoping for a doctrinally focused shift. His tenure was marked by efforts to combat clerical sexual abuse, elevate the role of women and laypeople, and advocate for the poor and migrants, among other causes.