Weekly Report - 04 August 2016 (WR-16-30)

The Argentine government led by President Mauricio Macri made two massive announcements in the space of a matter of hours on 2 August designed to win over opposition protest movements, or at least weaken their resolve ahead of a planned general strike later this month. Firstly, the interior minister, Rogelio Frigerio, struck an accord with governors of 20 of the country’s 23 provinces and the Capital Federal to return 15% of revenue-sharing funds withheld from the provinces by the social security fund (Anses) since 1992, some AR$310bn (US$20.60bn). Secondly, Macri unveiled a substantial healthcare reform which will give a major financial boost to schemes run by the country’s trade unions.

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