The diplomatic pivot of the Javier Milei administration towards Washington presents a strategic opportunity for US President Donald Trump to begin diminishing China’s influence in Latin America. Scott Bessent, serving as Treasury Secretary under Trump, articulated this within the framework of mobilizing financial support: “Milei is committed to getting China out of Argentina,” he stated … Read more
In September, Argentina’s economic activity experienced a 0.5% uptick compared to August, and a notable 5% increase when juxtaposed with the same month in the prior year. The economy experienced a growth of 0.5% in the third quarter, successfully sidestepping a recession. Tuesday’s figures from the government’s INDEC statistics institute caught some analysts off guard, … Read more
Despite the fact that the economy of Argentina experienced growth that was more than what had been expected in the month of September, this occurred in the midst of a situation in which the volatility of the market had been exacerbated by municipal and national midterm elections. According to an announcement that was made on … Read more
Emerging-market money managers are focusing their attention on Latin America for their next significant trade, as a series of forthcoming elections may reshape the political landscape of the region, possibly bringing several countries into closer alignment with Donald Trump. The resurgence of interest follows Argentina’s substantial rally in the wake of President Javier Milei’s victory … Read more
Argentina has reached a historic peak in imports of consumer goods, despite local manufacturers claiming they are “blowing out” inventory to manage operating expenses. This situation unfolds amid a decline in household purchasing power, as families find themselves increasingly unable to keep up with their debts. The government remains steadfast in its strategy, despite the … Read more
Sales of Argentine wine, both domestically and internationally, are experiencing a decline, reflecting a broader global trend and coinciding with the overall decrease in consumption within the country. The national government has removed nearly 1,000 regulations and norms for the winemaking and grape farming sector, a decision intended to enhance sales. This initiative has elicited … Read more
The circumstances faced by the victims of neo-colonial exploitation, while dire, are not the most severe outcomes one could encounter. Countries that maintain a distance from the so-called scheming capitalists, often criticized by nationalists and leftists, are more prone to self-impoverishment compared to those that embrace them and permit their involvement in significant sectors of … Read more
U.S. banks JPMorgan Chase, Bank of America, and Citigroup have decided to cancel a proposed loan of US$20 billion to Argentina. Instead, bankers are deliberating on a new, short-term credit facility that is one-quarter the size. Minister Luis Caputo refuted any claims of having discussed a bailout with banks, asserting that the reports are intended … Read more
On Tuesday, President Javier Milei’s administration declared the removal of duties on crude oil exports. Government officials have formalized a memorandum of understanding with Chubut Province aimed at progressing towards the removal of export duties on conventionally produced oil, a component of a broader strategy intended to stimulate investment and safeguard employment. Cabinet Chief Manuel … Read more
Despite a chorus of calls from investors, President Javier Milei and his advisers exhibit caution regarding the swift accumulation of Argentina’s international reserves, the decision to allow the peso to float, and the relaxation of currency controls. The government’s decisive triumph in the recent mid-term elections has provided Milei with a significant opportunity to implement … Read more