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
Argentina has obtained a loan amounting to US$3 billion from a consortium of international banks, aimed at addressing an imminent foreign debt obligation and restoring the nation’s dwindling financial reserves. The Central Bank announced a one-year repurchase agreement – or repo – with lenders at a rate of 7.4 percent, according to a statement released … Read more
According to a source, Argentina’s Treasury is gathering greenbacks in preparation for a big bond payment that is due this week. These greenbacks are being acquired by the Treasury in order to acquire dollars that are entering the local market thanks to the privatization of hydroelectric power facilities. According to a source, the Treasury Department … Read more
A significant indicator of Argentina’s sovereign risk has decreased to its lowest point in seven years, as the policy adjustments implemented by President Javier Milei’s administration have positioned the country nearer to re-entering international debt markets. The additional yield that investors require to hold Argentina’s sovereign debt compared to US Treasuries of equivalent maturity decreased … Read more
The European Union on Monday expressed optimism about finalizing a long-stalled trade agreement with the South American bloc Mercosur “soon,” indicating advancements toward endorsement by the member states of the bloc. Diplomats have indicated that the EU is targeting a signature on January 12, following the disappointment of December’s anticipated agreement, which was thwarted by … Read more
President Javier Milei stands out in Argentine economic history — not solely because of his libertarian foundations, which are more rhetorical than impactful in his financial choices, but due to his implementation of fiscal austerity while maintaining sufficient popularity to secure a decisive victory in the midterm elections. In Argentina, the political capital of today … Read more