US President Donald Trump indicated that the US$20-billion support package the United States is considering for Argentina may depend on the performance of libertarian leader Javier Milei in the upcoming midterm elections, which has introduced new uncertainties in the currency market. “If he wins we’re staying with him, and if he doesn’t win we’re gone,” … Read more
President Javier Milei is set to visit the White House on Tuesday, seeking a prominent display of political and economic backing from his US counterpart, President Donald Trump, in anticipation of crucial midterm elections. As Argentina grapples with the prospect of yet another financial crisis and Milei’s disapproval ratings continue to climb, the libertarian figure … Read more
The economic outlook for Argentina is generating divergent views among prominent institutions. The International Monetary Fund maintains its growth forecast for 2025, in contrast to the World Bank, Organisation for Economic Cooperation and Development, and private analysts, who have revised theirs downward. The IMF has maintained its forecast of 5.5 percent growth for 2025, commending … Read more
Economy Minister Luis Caputo stated that dollarization in Argentina is “off the table” after the announcement that the United States would provide the country with a currency swap line and directly intervene in the local forex market by purchasing pesos. “Dollarization could be an alternative, but for now it is off the table,” Caputo stated … Read more
Argentina’s lithium sector has established a new ten-year roadmap. Public and private estimates indicate that over the next decade, the country’s “atomic number 3” industry is projected to triple in size, exceeding a total installed production capacity of 650,000 tonnes of lithium carbonate equivalent. If just over half of that total were processed and exported, … Read more
A multimillion-dollar investment in Artificial Intelligence in Patagonia and the launch of the Stargate Argentina project have been touted as a historic milestone. However, given the current charged electoral and geopolitical context, it is essential to consider not only the promises being made but also the beneficiaries, the underlying objectives, and the regulatory framework governing … Read more
For years, Argentines have expressed dissatisfaction regarding the elevated prices of clothing. Recently, however, their expressions of concern have been met with a query presenting an alternative solution. References to the online Chinese retailer have proliferated for a specific rationale. Since President Javier Milei removed restrictions on online shopping platforms, the Argentine market has seen … Read more
For Scott Bessent’s US$20-billion wager on Argentina to yield positive results, numerous factors must align favorably – factors that historically, in Argentina, have often not aligned as intended. The US Treasury secretary unveiled a support measure on Thursday aimed at stabilizing the nation’s financial markets amid escalating turmoil, while also assisting a key political ally … Read more
The Argentine government disclosed on Friday that U.S. artificial intelligence firm OpenAI has entered into a letter of intent to partner with Argentine-U.S.-owned company Sur Energy for the development of a large-scale data center in Argentine Patagonia. A presidential press release characterized the initiative as a “pioneering artificial intelligence infrastructure project” designed to position Argentina … Read more
The United States swiftly moved to stabilize Argentina’s economy on Thursday, providing US$20 billion in financing and executing an uncommon intervention in currency markets to support the peso following weeks of significant declines. Washington has finalized a US$20-billion currency swap framework with Argentina’s Central Bank, as stated by Treasury Secretary Scott Bessent in a social … Read more