President Javier Milei

Milei wins IMF approval for US$4.7-billion Argentina disbursement

The International Monetary Fund’s executive board has approved a US$4.7-billion disbursement to the government of Argentine President Javier Milei, according to a person with direct knowledge of the matter. The payments are part of a refinanced US$44-billion programme, the lender’s largest, that was beset by uncertainty for months during the election campaign that saw Milei … Read more

Economy Minister Luis Caputo

Milei’s government pulls key fiscal reforms from Omnibus bill to smooth its passage

Economy Minister Luis Caputo announces President Javier Milei’s government will withdraw the fiscal chapter of its sweeping ‘Omnibus bill’ reform package to ease its passage through Congress. President Javier Milei’s government is withdrawing key fiscal measures from its sweeping ‘Omnibus bill’ reform package after facing stiff political opposition, Economy Minister Luis Caputo announced late Friday. … Read more

President Javier Milei

Milei seeks to increase number of Argentines paying income tax

President Javier Milei will propose new rules to increase the number of Argentines paying income tax as part of a strategy to shore up government finances, according to two government officials familiar with the plan. The proposal that will be sent to Congress on Tuesday establishes that individuals making more than 1.3 million pesos (US$1,583) … Read more

International Monetary Fund : IMF

IMF approves review of Argentina’s debt deal, says it’s ready to ease targets amid drought

International Monetary Fund confirms it has reached staff-level agreement with Argentina on fourth review of US$44.5-billion debt programme and calls for “modification of net international reserve accumulation target” due to economic impact of drought; Decision paves way for new tranche of US$5.3 billion in the near future. The International Monetary Fund (IMF) announced Monday that … Read more

Argentina Peso

Argentina to swap peso debt to ease US$35-billion default fear

Argentina will give investors the chance to exchange holdings of local debt into new bonds in a bid to ease fears of a default on the government’s US$35 billion of local debt coming due in the second quarter. Economy Minister Sergio Massa said the government would offer investors two swap options to exchange local bonds … Read more