The Union of Transport Workers (UTA) has warned of an “abstention from tasks” and a refusal to provide services for tomorrow. “If there is no salary, we do not work,” the statement reads. “We need the salary, we are not in a position to finance the companies,” stated union spokesperson Mario Calegari. “That company that does not pay will surely not function and there will be unemployment,” he warned. In this sense, he confirmed that they are still awaiting payment of the salaries corresponding to November and reiterated that the problem lies with the entrepreneurs. “It is they who do not provide the service, not us.”
Buenos Aires, December 4 (NA) -- With a series of favorable and, at the same time, unfavorable indicators for the National Government, the return to capital markets becomes increasingly imminent, and the Executive is preparing the ground to return to the international debt arena. The IMF again insists on the reserves target. With the agreement reached last April, Argentina is fully in need of achieving the accumulation of reserves agreed with the International Monetary Fund (IMF), something that does not seem to be materializing. During the press conference held by the IMF this morning, to which the Argentine News Agency had access, the financial institution insisted on the accumulation of reserves that the country so heavily owes. For the organization led by Kristalina Georgieva, the target committed for this year looks “challenging.” “Monetary and exchange rate policies will have to make more ambitious contributions to accumulate reserves, which will help Argentina face eventual shocks and facilitate access to markets,” stated IMF spokesperson Julie Kozack. In parallel, she reiterated the request for the Government to implement a “coherent” monetary and exchange rate framework and announced that a technical mission will arrive in the country in the coming days for the preliminary evaluation of the audit that will be carried out after December.
Poverty was 36.3% and fell by more than 9 points. The latest report from the Social Debt Observatory (ODSA) prepared by the Argentine Catholic University (UCA) showed a poverty rate in Argentina that stood at 36.3% at the end of the third quarter, while indigence affected 6.8%. In this way, poverty fell by 9.3 points compared to the same period last year and by 8.4 points compared to the third quarter of 2023, before the assumption of Javier Milei, according to the UCA methodology. As indicated in the work published today and received by this agency, the data on poverty come from the analysis of monetary deprivations (poverty and indigence by income) and complementary indicators such as economic stress and food insecurity. Although the most recent data for 2025 show a reduction in poverty and indigence rates by income compared to the peaks of the 2024 crisis, reaching levels similar to 2022/2023, chronic structural poverty persists, especially in the lowest socio-economic strata. “These relative improvements are due, in part, to the stabilization of inflation and the reinforcement of social transfers, but they do not imply a structural change in living conditions or in high inequality,” concluded the UCA.
Country risk fell again. The indicator carried out by JPMorgan fell for the second consecutive day. This is a drop of 4 units in the day. In this way, it ended the day at 634 basis points, leading the Government to plan the long-awaited return to international debt markets, after almost six years. The surge recorded by stocks and bonds yesterday was curbed, in what was a day with mixed operations between rises and falls. After the Minister of Economy Luis Caputo confirmed the negotiation with private banks for US$7,000 million, the euphoria in the main companies listed on Wall Street faded. The most marked increases were from Globant (1.2%) and Mercado Libre (1%).
November REM: lower dollar and inflation above 2%. The latest Market Expectations Survey (REM) carried out by the Central Bank brought with it positive results for the US dollar, while in inflationary matters it continues to be in the upper range above 2% until the end of the year. For 2026, it is expected to continue a downward path that extends to next May, until it reaches the value of 1.5%. While for the exchange rate it positions it at $1,472.9 for December, leaving $27.1 below the October REM and with an expected annual variation of 44.3% (-2.7 p.p.).
