Argentina has once again tightened foreign-currency restrictions at commercial lenders, as President Javier Milei’s administration intensifies its efforts to bolster the peso and mitigate inflation in the lead-up to midterm elections. The Central Bank announced new regulations on Friday aimed at enhancing oversight of the foreign-exchange market and reducing volatility, as stated in a publication … Read more
Risks don’t disappear just because you ignore them. They only become more dangerous. – Nassim Nicholas Taleb At its core, economic policy represents the strategic management of risk. Every programme faces inherent tensions, and each stabilisation plan necessitates a set of decisions that favor specific objectives while sacrificing others. Every government determines the risks it … Read more
Argentina’s economic crisis continues unabated, with wages throughout a significant portion of the national economy falling short of any reasonable benchmark for consumption. This has instigated a crisis of significant magnitude within the Armed Forces, particularly within the Navy, where dedication alone can no longer support those whose compensation is barely adequate. The La Libertad … Read more
RIGI: Seven projects have been approved for RIGI, totaling over US$13 billion from local and foreign capital. Three operate in the energy sector, two are engaged in lithium mining, and one is part of the steel industry. 1. Projects that have received approval – Southern Energy, a collaboration involving Pan American Energy (PAE), YPF, Pampa … Read more
Leaked audio recordings link Karina Milei and other top officials to illicit disabilities pharmaceutical purchases, sparking a corruption scandal. Public outrage is escalating as an investigation probes into allegations that President Javier Milei’s sister, Karina Milei, received substantial cash kickbacks from pharmaceutical sales to Argentina’s disability services agency. The corruption scandal has gained significant attention … Read more
“If the reforms are questioned for being pushed by a government accused of corruption, they will never be long-term,” concludes one of Argentina’s top businessmen. The apprehension regarding the potential collapse of extensive initiatives, which may be influenced by the “early denunciations” of corruption within the upper echelons of President Javier Milei’s national administration, is … Read more
President Javier Milei is intensifying his defense of Argentina’s currency in anticipation of another substantial local debt auction, exacerbating the strain on the banking system and the wider economy as he combats inflation. The government is conducting an auction on Wednesday for peso notes and dollar-linked securities, marking the second such event in a fortnight. … Read more
President Javier Milei’s flagship RIGI incentive scheme for large investors has only imported US$26 million in three projects in one year. Seven actions were approved, 11 pending, and China rejected. One year after receiving Congressional approval and being introduced to much acclaim, one of President Javier Milei’s signature initiatives, the Régimen de Incentivos para Grandes Inversiones incentive scheme for major investments – commonly referred to as RIGI – has yet to gain traction. In the last year, a total of seven initiatives … Read more
The Mercosur regional trade bloc and Canada are set to resume negotiations regarding a free-trade agreement, as confirmed by Brazil on Monday, amid escalating tensions surrounding US tariffs that have unsettled global commerce. Brasília, currently presiding over Mercosur, has announced that chief negotiators from Canada and the bloc, which includes Argentina, Brazil, Bolivia, Paraguay, and … Read more
According to a recent report by Torcuato Di Tella University, public trust in the government fell by nearly 14% in August compared to July. This marks the lowest point since President Milei assumed office. The Government Trust Index survey was conducted in the first two weeks of August, with its release following a week after … Read more