Javier Milei’s strained relations with China are hindering private-sector business activities. Regrettable remarks from Argentina’s President and his exaggerated portrayal of the relationship with US President Donald Trump have obstructed crucial efforts that sustain trade continuity. While the rhetoric has been moderated in Argentina, Beijing and its investors are anticipating a definitive action: either a … Read more
Aerolíneas Argentinas has declared that, for the first time since its renationalization in 2008, it will not seek financial support from the national government for the entirety of 2025. The national airline has faced intense debates over privatization efforts since the inauguration of President Javier Milei. This development signifies a significant achievement for the national airline, which … Read more
President Javier Milei has proclaimed his administration as “the best in Argentina’s history” and has assured that inflation will be eradicated by the middle of next year. However, the head of state’s comments – quite audacious, considering the country’s ongoing challenges with rampant inflation – came at a time when unions were intensifying their pressure … Read more
Argentina’s government is set to abolish taxes on over 4,000 industrial exports, as announced by Economy Minister Luis Caputo. In a post on his personal X account, Caputo stated that the initiative aims “to make local industry more competitive and encourage exports.” Caputo highlighted that the removal of export duties ranging from 3 to 4.5 percent on … Read more
The government asserts that the dollar is set to decline. The communication this time was directed towards representatives from both the export sector and the agricultural sector. The economic team emphasized that the decrease in export duties is provisional and provided insights regarding the tax reform initiative. Meanwhile, concerns linger regarding the viability of the … Read more
The IMF’s latest substantial loan to Argentina — a country with a history of defaults now under the leadership of a close ally of Donald Trump – has raised concerns among many of the Fund’s senior decision-makers. It received approval nonetheless. Argentina’s new loan with the International Monetary Fund was approved even though it raised … Read more
Analysts anticipate a more robust peso in the coming months as traders respond positively to President Javier Milei’s plan. Traders in Buenos Aires are starting to embrace President Javier Milei’s goal of bolstering Argentina’s currency to 1,000 pesos per dollar, despite warnings from economists that this trend may reverse in the latter half of the … Read more
Argentina’s peso is set to float freely, although the timing is not yet right, according to Bausili. Argentina’s peso will be permitted to float freely, but that measure is not immediate and will “come in time,” states Central Bank Santiago Bausili. During an event organized by the International Monetary Fund (IMF) in Washington on Wednesday, coinciding … Read more
Argentina’s economy increased faster than predicted in February, cementing President Javier Milei’s rebound a week after he signed a US$20-billion IMF pact. According to government figures released Tuesday, economic activity climbed 5.7 percent from the same month a year ago, compared with the median expectation of 5.5 percent. Monthly activity grew 0.8 percent after 0.6 percent … Read more
The International Monetary Fund (IMF) projects that Argentina will experience a growth rate of 5.5% in 2025, even as it has lowered its global growth forecast in light of trade uncertainties stemming from U.S. President Donald Trump’s tariffs. The outlook for the country’s economic horizon in 2026 remains optimistic, with projections indicating growth could reach … Read more