|IFSA-Butler Response to Argentine Economic Concerns|
February 19, 2014
IFSA-Butler has received queries from parents and study abroad advisors about the current economy of Argentina and whether the country's financial issues may negatively affect a student's study abroad experience.
It is correct that the value of the Argentine peso has fallen from 6 pesos to the U.S. dollar to 8 pesos per dollar since January. In addition, the country has seen large-scale demonstrations related to economic concerns.
However, these recent developments have not caused widespread political instability or financial collapse, and Argentina's national government continues to function normally. Moreoever, Argentina's unemployment rate is 6 percent, compared to much higher rates in some European countries that nevertheless remain extremely popular as destinations for study abroad.
IFSA-Butler's resident staff in Buenos Aires and Mendoza work to place students with host families who live in very secure areas. In the unlikely event that Argentina would experience serious economic or political turmoil, the areas where our students live would likely remain very safe, and students would also be able to rely on IFSA-Butler's resident staff and 24 hour safety network for assistance.
IFSA-Butler is confident that Argentina will remain politically and economically stable and provide an amazing opportunity to students who want an authentic cultural experience in Latin America. Students, parents and advisors who still have questions or concerns about Argentina are welcome to contact the following IFSA-Butler directors: