Milei seeks support from the IMF and aims to secure a trade agreement with Trump. On Thursday, President Javier Milei engaged in a significant outreach effort, seeking vital backing from US President Donald Trump during an event held in Florida. During a brief visit to the United States, lasting under 24 hours, the head of state made … Read more
Trump ignites a trade conflict by imposing significant tariffs, including a 10% levy on Argentina. US President Donald Trump has initiated a significant global trade conflict as he imposed a 10-percent tariff on imports from various countries, alongside imposing stringent additional levies on major trading partners. In a significant announcement from the White House Rose Garden, … Read more
Approximately 50% of individuals in Mexico, Argentina, and Brazil express a desire for their governments to respond to the tariffs imposed by Trump, while a marginally lower percentage of Colombians and Chileans hold similar views. Concerns regarding US tariffs are prevalent among Latin Americans; however, there exists a spectrum of opinions regarding the appropriate responses their … Read more
In the month of January, Argentina’s economy saw growth that was far higher than anticipated. As a result of two consecutive quarters of increase during the administration of President Javier Milei, Argentina’s economy witnessed growth in January that exceeded forecasts, which further strengthened the nation’s recovery. Bloomberg’s survey of economists revealed that economic activity expanded by … Read more
Caputo indicates that Argentina’s recent agreement with the IMF encompasses a financial package of US$20 billion. Argentina is set to secure US$20 billion in new funding from the International Monetary Fund (IMF), according to Economy Minister Luis Caputo, as part of an updated financing initiative. At an insurance industry event on Thursday, Caputo confirmed that the … Read more
Market participants are positioning themselves for a depreciation of the Argentine peso in anticipation of Milei’s impending agreement with the IMF. Investors are anticipating another potential devaluation of Argentina’s peso, as the currency appears ready to shift trajectory once again, having transitioned from one of the weakest in the world in 2023 to one of the … Read more
Goldman asserts that the removal of foreign exchange controls in Argentina is crucial for revitalizing initial public offerings. Goldman Sachs suggests that President Milei should begin dismantling capital and currency controls to attract equity investors. Goldman Sachs Group Inc. asserts that President Javier Milei of Argentina must initiate the removal of capital and currency controls to attract … Read more
One could contend that CEPO, this seemingly perpetual array of currency and capital controls, has emerged as a significant impediment to Argentina’s economic landscape, constraining inflows more effectively than outflows and hindering any form of sustained development beyond a cyclical pattern. We may be approaching the final month of this phase, as indicated by certain … Read more
During an informal gathering, the International Monetary Fund is going to assess a deal with Argentina that is worth twenty billion dollars in United States dollars. An informal session of the International Monetary Fund’s staff and executive board is set to take place in Washington the following week. During this gathering, the IMF intends to engage … Read more
The Argentine Chamber of Deputies has approved a decree authorizing the government to negotiate a new agreement with the International Monetary Fund (IMF) to secure additional funding. The approval, achieved with 129 votes in favor, 108 against, and six abstentions, empowers President Javier Milei to proceed without Senate debate. The agreement aims to stabilize markets … Read more