International
Argentina will honor economic goals agreed with IMF: new minister
AFP
Argentina’s new economy minister said Monday the country would honor fiscal deficit goals and other commitments made under a deal struck with the IMF to refinance a debt of some $44 billion.
Under the agreement negotiated by Silvina Batakis’ predecessor Martin Guzman, who resigned suddenly nine days ago, Argentina committed to reducing its fiscal deficit from 3.0 percent of GDP last year to 2.5 percent in 2022, 1.9 percent in 2023 and 0.9 percent in 2024.
“The goals agreed with the IMF are maintained,” Batakis said in Buenos Aires at her first press conference since taking office a week ago.
“It is an agreement we signed as a state and we must comply.”
In 2018, under the government of conservative President Mauricio Macri, the International Monetary Fund granted its biggest-ever loan of $57 billion to Argentina.
The country received $44 billion of that amount and Macri’s successor Alberto Fernandez refused to accept the rest.
As the country struggled to repay its debt, a refinancing agreement was reached this year after protracted negotiations.
Guzman resigned suddenly on July 2 amid a power struggle between Argentina’s president and vice president, sparking fresh uncertainty in Latin America’s third largest economy.
The peso fell sharply last Monday against the US dollar after Batakis’ appointment.
On Monday, the 53-year-old said there was a need to “give order and balance to the public finances,” and vowed that “we will not spend more than we have.”
Among her proposals: to reduce energy subsidies, which in 2021 amounted to $11 billion or 2.3 percent of GDP, by applying a sliding scale to prices for gas and electricity based on income.
In 2020, the Argentine economy contracted 9.9 percent before rebounding the following year by 10.3 percent.
For this year, the IMF predicts growth of 4.0 percent.
At the time the refinancing agreement was reached, Argentina’s inflation was projected to reach 52 percent in 2022 — already one of the highest in the world.
Since then, the war in Ukraine has sent prices soaring worldwide, and Argentina marked year-on-year inflation of 60 percent in May.
“The agreement was signed before the rise in global inflation,” said Batakis, adding a new estimate for 2022 was being compiled.
“It is a methodological issue we are evaluating, not a shifting of the goal,” she insisted.
A survey by Argentina’s central bank of projections for 2022 inflation put the rate at some 76 percent.
International
Colombia says it would not reject Maduro asylum request as regional tensions escalate
The Colombian government stated on Thursday that it would have no reason to reject a potential asylum request from Venezuelan President Nicolás Maduro should he leave office, as regional tensions persist over the deployment of U.S. military forces in the Caribbean since August.
“In the current climate of tension, negotiations are necessary, and if the United States demands a transition or political change, that is something to be assessed. If such a transition results in him (Maduro) needing to live elsewhere or seek protection, Colombia would have no reason to deny it,” said Colombian Foreign Minister Rosa Villavicencio in an interview with Caracol Radio.
However, Villavicencio noted that it is unlikely Maduro would choose Colombia as a refuge. “I believe he would opt for someplace more distant and calmer,” she added.
Colombian President Gustavo Petro also commented on Venezuela’s situation on Wednesday, arguing that the country needs a “democratic revolution” rather than “inefficient repression.” His remarks followed the recent detention and passport cancellation of Cardinal Baltazar Porras at the Caracas airport.
“The Maduro government must understand that responding to external aggression requires more than military preparations; it requires a democratic revolution. A country is defended with more democracy, not more inefficient repression,” Petro wrote on X (formerly Twitter), in a rare public criticism of the Venezuelan leader.
Petro also called for a general amnesty for political opponents and reiterated his call for forming a broad transitional government to address Venezuela’s prolonged crisis.
Since September, U.S. military forces have destroyed more than 20 vessels allegedly carrying drugs in Caribbean and Pacific waters near Venezuela and Colombia, resulting in over 80 deaths.
U.S. President Donald Trump has repeatedly warned that attacks “inside Venezuela” will begin “soon,” while Maduro has urged Venezuelans to prepare for what he describes as an impending external aggression.
International
Cuba battles out-of-control dengue and chikungunya epidemic as death toll rises to 44
Cuba is facing a severe dengue and chikungunya epidemic that has already claimed at least 44 lives, including 29 minors, according to the Ministry of Public Health (Minsap). The outbreak—now considered out of control—has expanded across the entire country amid a critical shortage of resources to confront the emergency.
Authorities report more than 42,000 chikungunya infections and at least 26,000 dengue cases, though they acknowledge significant underreporting as many patients avoid seeking care in health centers where medicines, supplies, and medical personnel are scarce. The first cluster was detected in July in the city of Matanzas, but the government did not officially use the term “epidemic” until November 12.
Chikungunya—virtually unknown on the island until this year—causes high fever, rashes, fatigue, and severe joint pain that can last for months, leaving thousands temporarily incapacitated. Dengue, endemic to the region, triggers fever, muscle pain, vomiting, and, in severe cases, internal bleeding. Cuba currently has no vaccines available for either virus.
Minsap reports that of the 44 deaths recorded so far, 28 were caused by chikungunya and 16 by dengue.
The health crisis unfolds amid deep economic deterioration, marked by the absence of fumigation campaigns, uncollected garbage, and shortages of medical supplies—conditions that have fueled the spread of the Aedes aegypti mosquito, the primary vector for both diseases. “The healthcare system is overwhelmed,” non-official medical sources acknowledge.
Beyond the health impact, the epidemic is heavily disrupting economic and family life. The intense joint pain caused by chikungunya has led to widespread work absences, while hospital overcrowding has forced relatives to leave their jobs to care for the sick. In November, authorities launched a clinical trial using the Cuban drug Jusvinza to reduce joint pain, though results have not yet been released.
International
Ecuador on track for record violence as homicides hit highest level in Latin America again
Violence in Ecuador is expected to reach historic levels by the end of 2025, with the country set to record the highest homicide rate in Latin America for the third consecutive year, according to a report released Thursday by the Armed Conflict Location & Event Data Project (ACLED). The organization warns that criminal activity is not only persisting but could worsen in 2026.
Official figures show 7,553 homicides recorded through October, surpassing the 7,063 registered throughout all of 2024. ACLED estimates that 71% of the population was exposed to violent incidents this year, despite President Daniel Noboa’s declaration of an “internal armed conflict” in an attempt to confront powerful criminal groups.
According to the report, several factors are driving the deterioration of security: a territorial war between Los Chonerosand Los Lobos, the two most influential criminal organizations in the country; the fragmentation of other groups after the fall of their leaders; and Ecuador’s expanding role as a strategic hub for regional drug trafficking.
Since 2021, violence has forced the internal displacement of around 132,000 people, while more than 400,000 Ecuadorians — equivalent to 2% of the population — have left the country. Between January and November alone, violent deaths rose 42%, fueled by prison massacres and clashes between rival gangs.
The report warns that conditions may deteriorate further. Ecuador has been added to ACLED’s 2026 Conflict Watchlist, which highlights regions at risk of escalating violence. The expansion of Colombian armed groups such as FARC dissidents and the ELN, state weakness, and a potential rerouting of drug trafficking corridors from the Caribbean to the Pacific intensify the threat.
“The president is facing a wave of violence that shows no signs of easing,” the report concludes.
Colombia says it would not reject Maduro asylum request as regional tensions escalate
Cuba battles out-of-control dengue and chikungunya epidemic as death toll rises to 44
Ecuador on track for record violence as homicides hit highest level in Latin America again
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
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