The recent agreement between the Argentine government and the International Monetary Fund (IMF) imposes stringent fiscal surplus targets for 2026 and 2027, significantly limiting the potential for reducing the tax burden. President Javier Milei’s administration suggests that there is potential for tax reductions, a key promise of his governance strategy. However, should he proceed with … Read more
Milei may resonate with Alfonsín’s sentiment by declaring, “Happy Easter, the dollar is in order.” However, it’s still early in the process. A more comprehensive withdrawal from currency and capital controls by Macri in late 2015 was executed with greater ease, yet it did not guarantee him a favorable outcome. The exit from ‘cepo’ currency … Read more
The European Union is optimistic that the tariffs imposed by former President Trump may provide the necessary impetus to finalize the Mercosur trade agreement. The potential for a transatlantic trade war is igniting optimism in Europe, as prospects rise for a commerce agreement with four South American nations to receive final approval, overcoming persistent resistance from … Read more
Milei faces the potential of reigniting inflation through the proposal to float Argentina’s peso. President Javier Milei is set to unveil his strategy to eliminate the majority of currency controls that have been established over the last five years. This initiative is a fundamental component of Argentina’s new US$20-billion program with the International Monetary Fund. … Read more
The Chinese Embassy responds to comments made by Bessent during his visit to Argentina. China’s Embassy in Argentina has issued a statement condemning US Treasury Secretary Scott Bessent, alleging that he has made “malicious slanders and libellous remarks.” In a recent statement from Beijing’s envoy in Buenos Aires, the Chinese government expressed strong dissatisfaction and … Read more
The ongoing trade conflict initiated by Trump with China is compelling Latin American nations to make strategic choices regarding their alliances. Donald Trump is strategically involving the United States’ closest neighbors in his ongoing trade conflict with China, aiming to diminish the influence of the Asian powerhouse in a region that has historically been viewed as … Read more
Argentina finds itself in a familiar situation as it secures yet another loan from the International Monetary Fund, reminiscent of past financial cycles. For generations, Argentines have perceived their nation as ensnared in a persistent cycle, as yet another loan from the International Monetary Fund is set to arrive to stabilize its fluctuating economy. This marks the … Read more
President Milei’s backing from the Trump administration highlights a significant juxtaposition against the increasing difficulties he faces domestically. The recent approval of Argentina’s new agreement with the International Monetary Fund (IMF) was overshadowed by the release of March’s consumer price index (CPI), which revealed an inflation rate of 3.7 percent. This marks the highest figure … Read more
The Government asserts that “everything marches according to the plan,” emphasizing its strategy to mitigate the effects of the international crisis on Argentina. In the face of a significant downturn in global stock markets, which saw declines of up to 13%, the administration of Javier Milei is maintaining a calm demeanor. While remaining vigilant to ongoing … Read more
Javier Milei is actively working to eliminate all remnants of Peronism, which has been the prevailing form of populism in Argentina, as he seeks to transform the country into a free-market stronghold. In a striking display of political change, images of Eva Perón have been removed from government offices, while statues of former president Néstor … Read more