President threats budget offenders with jail, accuses adversaries of “genocide” and suggests court fight over laws passed after congressional defeats. Javier Milei conducted his seventh nationwide broadcast since assuming office on Friday, utilizing the opportunity to rationalize a series of vetoes that were published in the Official Gazette earlier in the week under Decree 534/25. … Read more
Amid a dollar shortage, President Javier Milei’s announcement of a permanent reduction in farm export duties emphasizes the importance of facilitating hard currency flow in foreign exchange markets, potentially at the expense of fiscal accounts. The initiative seeks to encourage liquidations to mitigate exchange rate pressures in the lead-up to the midterms, thereby impacting tax … Read more
Argentine President Javier Milei has declared his intention to submit a bill to Congress that would prohibit the approval of national budgets featuring fiscal deficits. The leader announced his intention to “wall” his austerity measures during a nationwide radio and TV broadcast on Friday night, coinciding with his veto of recently passed Congressional laws aimed … Read more
YPF, the Argentine state-operated energy giant, has acquired two production blocks within the Vaca Muerta geological formation from the French multinational TotalEnergies. The transaction, valued at US$500 million, signifies the European firm’s withdrawal from the shale oil and gas production area in Argentine Patagonia. Total Austral S.A., a subsidiary of TotalEnergies in Argentina, divested two … Read more
Former US Treasury secretary Lawrence Summers cautioned that US President Donald Trump’s policies could lead the US down a trajectory akin to that of post-war Argentina, which transitioned from a relatively advanced developed nation to an economic underperformer. “Argentina went completely off track because of decisions made in a few years by an elected — … Read more
Francisco González Galé was pleasantly surprised by the sense of belonging he experienced while fulfilling his children’s desires earlier this year with a trip to Walt Disney World in Orlando, having traveled from Buenos Aires. The 46-year-old Argentine lawyer previously traveled to the US once every few years; however, he has already made two trips … Read more
Twenty months into President Javier Milei’s tenure, during which he promised to spearhead a free-market revolution in the so-called sick man of South America, the agricultural sector is encouraging him to advance his agenda further. This encompasses Rubén Artigues and his orchards located in the La Buena Moza region, situated two hours northwest of the … Read more
Vaca Muerta shale oil-drilling will slow as companies cut spending. Oil-drilling activity in Argentina’s Vaca Muerta shale patch is anticipated to decline in the short term as firms curtail expenditures, according to the chief executive officer of the region’s largest crude producer YPF SA. “We might have to pull out a couple of fracking crews,” … Read more
The recently published staff report on Argentina from the International Monetary Fund (IMF) indicates that the national administration under President Javier Milei is dedicated to implementing extensive reductions in social policies and altering the methodology used to calculate inflation. Last week, the lender of last resort sanctioned a US$2 billion disbursement to the country, as … Read more
A study conducted by the Rosario Stock Exchange (BCR) projected that the reduction in withholdings announced by President Javier Milei last week, along with the elimination of the exchange rate gap since April, will lead to an increase in production in the Argentine countryside by approximately 13 million tons. In a decade, this would result … Read more