Blue Dollar Updates 
On Thursday afternoon, the United States and the Argentine government unveiled the framework of their trade agreement. The joint statement indicates that both nations will “open their markets to each other on key products.” The document, entitled “Framework for a United States-Argentina agreement on reciprocal trade and investment,” enumerated the 11 critical sectors that will … Read more
The International Monetary Fund has called on Argentina to expedite the buildup of its international reserves, a primary point of contention raised by both the lender and various analysts regarding the nation’s economic strategy. At a press briefing on Thursday, IMF spokesperson Julie Kozack noted the rationale behind the petition, noting that a recent “improvement … Read more
Prices in Argentina increased as anticipated last month, coinciding with the midterm election challenges faced by President Javier Milei’s party. In October, consumer prices experienced an increase of 2.3 percent, aligning with the median forecast of economists survey, and representing an uptick from the 2.1 percent recorded in September. According to government data published Wednesday, … Read more
Argentine Economy Minister Luis Caputo defended the implementation of a currency band scheme for the peso-dollar exchange rate, arguing against a free-floating system by characterizing the Peronist opposition as “communism.” The government is considering a labor reform designed to ease the process of layoffs; however, modifications to the tax system will be postponed. “We cannot … Read more
Argentina has submitted an initial memorandum to formalize its membership application to the Organisation for Economic Co-operation and Development, as announced by the international body on Tuesday. OECD officials characterized the filing as a “decisive step” in the nation’s accession process. During a visit by OECD Secretary-General Mathias Cormann to Buenos Aires, Foreign Minister Pablo … Read more
US Treasury Secretary Scott Bessent confirmed on Tuesday that Argentina had initiated the currency swap. The announcement concluded a period of speculation, with economists suggesting that the event had already transpired, despite the absence of confirmation from local authorities. Argentine President Javier Milei’s administration has not issued any public statements concerning the activation — as … Read more
An influx of Argentine companies is seeking to issue global bonds as chief financial officers aim to take advantage of robust investor demand in the wake of President Javier Milei’s triumph in the congressional midterm elections. Pampa Energía SA, a natural gas and power producer, is set to issue new dollar bonds maturing in 2037. … Read more
Argentina’s Ambassador to the United States, Alec Oxenford, stated on Monday that a trade agreement between the two nations “is practically finalized” and that the announcement is imminent. The diplomat indicated that the negotiations involving Presidents Javier Milei and Donald Trump are supported by the US Treasury. “There will be news very soon,” he stated. … Read more
Economy Minister Luis Caputo informed investors in New York that Argentina intends to repurchase sovereign bonds and begin accumulating foreign reserves, even as the peso remains within its designated trading band, according to sources familiar with the situation. In a recent meeting attended by approximately 40 investors, organized by JPMorgan Chase & Co., Caputo indicated … Read more
Under President Javier Milei’s administration, a minimum of 16 multinational corporations have exited Argentina to date. The sectors exhibit variability; however, they are predominantly influenced by issues such as insufficient legal security, profitability challenges, complications in dividend collection, and the regional strategies employed by firms. A comprehensive array of structural factors has hindered the official … Read more