Chilean Energy Minister Ximena Rincón recently toured the Vaca Muerta field in Neuquén province, extending an invitation to Argentina to utilise their Pacific coast ports for the export of oil and gas to Asian markets. A communiqué from Chile’s foreign ministry provided additional insights on the proposal. “Chile can serve as a close, stable, and … Read more
President Javier Milei ardently advocated for his administration’s economic direction, called for a comprehensive overhaul of the Central Bank charter, and expressed his anticipations for Argentina’s forthcoming World Cup quarter-final clash with Switzerland on Saturday. In a radio interview with Now 97.9 FM, Milei asserted that his policies have driven economic growth, claiming that consumption … Read more
The International Monetary Fund has expressed approval of the Argentine government’s proposed reform of the Central Bank, which is intended to enhance its independence, according to the institution’s spokeswoman, Julie Kozack, on Thursday. The reform of the Central Bank’s charter is an integral component of the extensive financial reform agenda recently introduced by President Javier … Read more
President Javier Milei has invited Kristalina Georgieva, Managing Director of the International Monetary Fund, to visit Argentina at the end of the month. The announcement follows an IMF report that upholds its economic growth forecasts for the country, coinciding with the appointment of an Argentine economist as the fund’s new chief economist. Economy Minister Luis … Read more
Argentina is poised to execute a significant payment on its dollar bonds this week, achieving a milestone that many investors deemed improbable, all while the nation abstains from engaging with global debt markets. The government asserts that it has successfully obtained the necessary funds to fulfil the US$4.3-billion semi-annual obligation, which is divided between principal … Read more
President Javier Milei states that his administration is crafting a mechanism intended to “shut down” the state once budgetary resources are depleted, drawing inspiration from a method distinctive to the United States, where periodic shutdowns have halted federal agencies for extended periods. In an interview on Tuesday with the Neura streaming platform, Milei stated that … Read more
Private economists, economists, and financial institutions anticipate that Argentina’s monthly inflation rate will decline to below two percent starting in August, marking the first occurrence of this trend in several months. According to the Central Bank’s latest poll of leading firms and experts, Argentina is projected to experience an annual inflation rate of approximately 30 … Read more
Economy Minister Luis Caputo stated that Javier Milei’s administration has not dismissed the possibility of issuing international debt on Wall Street within the next two years, although he emphasised that it is “an option, not a goal.” During the presentation of the 2026-2027 financing plan on Monday, Caputo emphasised that the decision is not an … Read more
President Javier Milei understands more than anyone that the paramount objective in life is to steer clear of unforced errors. It is noteworthy that the application of that rule to the case of Manuel Adorni, his now former Cabinet Chief, was delayed significantly. Adorni’s rags-to-riches narrative captivated the public for more than three months, ultimately … Read more
The winter cold snap and the conflict in the Middle East have converged to produce a dire situation for Argentine industry. As residential gas demand escalates and import prices increase, numerous companies confront the possibility of halting operations, raising alarms throughout the manufacturing sector, as reported. Most small and medium-sized manufacturers that depend on gas … Read more