Recent data indicates that Argentines are increasingly opting for the beaches of Brazil over traditional local holiday resorts. President Javier Milei’s administration has altered the methodology for assessing visitor levels, asserting that the domestic coastline is experiencing a surge. This assertion has faced backlash from tourism professionals who contend that the industry is struggling significantly. … Read more
Argentina has obtained financing from a multilateral institution, which remains unnamed, to facilitate the repayment of US$2.5 billion to the US Treasury stemming from a currency swap agreement, as stated by an official from the country’s Central Bank. The financing details were not disclosed publicly by either the Central Bank or the multilateral lender, as … Read more
The comprehensive trade agreement forged between the European Union and the South American bloc Mercosur is set to be formalized on January 17 in Paraguay, as announced by Argentina’s Foreign Minister Pablo Quirno on Friday. “We will sign… the most ambitious agreement between our two blocs on January 17 in Paraguay,” Quirno stated, describing it … Read more
It is widely acknowledged that a primary objective of the U.S. intervention in Venezuela, culminating in the apprehension of former president Nicolás Maduro, was to ensure access to the nation’s oil resources. Shortly after the invasion, the White House asserted its intention to exert control over Venezuela’s oil sales “indefinitely.” Experts indicate that this disruption … Read more
While it remains premature to determine if President Javier Milei will be remembered as having aligned with the prevailing moral narrative by fervently and steadfastly supporting the inaugural US bombing of a South American capital, he ought to be acknowledged for his alignment with the dynamics of power. History and power do not consistently align … Read more
On Friday, Argentina’s Central Bank disclosed that it has repaid a segment of the US$20 billion currency swap with the United States Treasury that was utilized in 2025. The announcement represents the initial public acknowledgment by the monetary authority that a portion of the facility has been “activated.” The Central Bank’s communiqué indicates that the … Read more
The Mercosur-EU trade agreement is on the verge of realization after more than 25 years of negotiations, having received the endorsement of a majority of European Union member states. The agreement, set to be finalized on Monday and subsequently requiring approval from the European Parliament to take effect, is poised to play a crucial role … Read more
On Friday, representatives of the European Union’s member states convened in Brussels and cast their votes in favor of a free trade agreement with the Mercosur bloc, which comprises Argentina, Brazil, Paraguay, and Uruguay. A significant number of the EU’s 27 member states approved the agreement following 26 years of negotiations. This sets the stage … Read more
President Javier Milei has commended his U.S. counterpart Donald Trump for the significant apprehension of Venezuela’s Nicolás Maduro in Caracas, underscoring his alignment with Washington. In remarks during an interview with a streaming channel on Tuesday, Milei asserted that Trump is “redesigning the world order” and taking a stand against what he referred to as … Read more
A report by the Congressional Research Service, the public think tank of the United States Congress, has indicated that Argentina may face the necessity of devaluing its currency or defaulting on its debt. The document, dated December 30 but released this week, stated that “Argentina’s main source of foreign currency is the remaining balance on … Read more