International Monetary Fund spokesperson Julie Kozack announced that the Fund’s technical mission is set to conduct the second review of the agreement established with Argentina last year. She also emphasized that the Central Bank has been accumulating reserves “at a faster than anticipated pace” since the beginning of the year. “We are also very encouraged … Read more
Bolivia has announced a “energy and social emergency” in response to fuel shortages, escalating inflation, and dwindling dollar reserves. The government is set to implement extraordinary measures for a duration of one year to ensure the stability of fuel supply and stimulate economic activity. The announcement arrives amid increasing economic and social challenges confronting center-right … Read more
According to sources, MidOcean Energy LLC, a liquefied natural gas business that was founded by EIG, is now in the process of engaging in negotiations to join in Argentina’s famous LNG endeavor. The program, which is valued at twenty billion dollars and is being led by the state-owned YPF SA in conjunction with Eni SpA … Read more
The European Union and the South American bloc Mercosur are poised to finalize an agreement on Saturday, culminating over 25 years of negotiations, aimed at establishing one of the largest free trade areas globally. Despite opposition from European farmers concerned about their financial interests, an agreement reached in Brussels last week is poised to be … Read more
In 2025, Argentina experienced a price increase of 31.5%, marking the lowest inflation rate since 2017, as reported. While the rate remains elevated compared to global benchmarks, inflation has shown signs of deceleration under Javier Milei’s administration. The figure stands at more than 86 points below the 117.8% projected for 2024, marking the initial complete … Read more
President Javier Milei is set to journey to Asunción, the capital of Paraguay, for the signing of the free-trade agreement between Mercosur and the European Union this Saturday, as reported by government sources. The European Union granted approval on January 9 for the long-anticipated trade agreement with the South American bloc, despite significant opposition spearheaded … Read more
Recent data indicates that Argentines are increasingly opting for the beaches of Brazil over traditional local holiday resorts. President Javier Milei’s administration has altered the methodology for assessing visitor levels, asserting that the domestic coastline is experiencing a surge. This assertion has faced backlash from tourism professionals who contend that the industry is struggling significantly. … Read more
Argentina has obtained financing from a multilateral institution, which remains unnamed, to facilitate the repayment of US$2.5 billion to the US Treasury stemming from a currency swap agreement, as stated by an official from the country’s Central Bank. The financing details were not disclosed publicly by either the Central Bank or the multilateral lender, as … Read more
The comprehensive trade agreement forged between the European Union and the South American bloc Mercosur is set to be formalized on January 17 in Paraguay, as announced by Argentina’s Foreign Minister Pablo Quirno on Friday. “We will sign… the most ambitious agreement between our two blocs on January 17 in Paraguay,” Quirno stated, describing it … Read more
It is widely acknowledged that a primary objective of the U.S. intervention in Venezuela, culminating in the apprehension of former president Nicolás Maduro, was to ensure access to the nation’s oil resources. Shortly after the invasion, the White House asserted its intention to exert control over Venezuela’s oil sales “indefinitely.” Experts indicate that this disruption … Read more