Buenos Aires City and Santa Fe Province are considering international bond sales in the limited timeframe between the provincial election in Buenos Aires Province on Sunday and the midterm elections in October. Buenos Aires is contemplating the sale of up to US$600 million in international markets, which would include approximately US$400 million in new debt … Read more
On Tuesday, the Argentine government declared its intention to intervene in the currency market to mitigate the rapid depreciation of the peso observed in recent days. The decision to intervene via the Treasury signifies a notable change in the exchange rate policy under President Javier Milei’s administration, occurring mere days ahead of the legislative elections … Read more
The Argentine peso appreciated as bonds and equities experienced a significant decline on Tuesday, following the treasury’s declaration of its intention to intervene in the nation’s foreign exchange market. Market participants and analysts indicated that the action might heighten uncertainty. The U.S. dollar exchange rate commenced the session at AR$1,380, subsequently declining to AR$1,361 by … Read more
Argentina’s Treasury announced plans to intervene in the currency market as the nation’s assets decline, reflecting a series of political and economic challenges faced by President Javier Milei in the lead-up to a crucial vote on Sunday. The decision marks a departure from a government that has consistently lauded the peso’s ability to float freely … Read more
The European Commission is set to present the final text of a significant trade agreement with the South American bloc Mercosur to EU countries for approval on Wednesday. The agreement, which has taken twenty-five years to finalize, unites Argentina, Brazil, Paraguay, and Uruguay, establishing a free-trade area that encompasses 700 million customers. Struck by Brussels … Read more
President Javier Milei’s administration announced its intention to intervene in support of the national currency, as an escalating political scandal undermines investor confidence and poses a potential challenge for him in the upcoming legislative elections next month. The decision signifies a departure for a government that has previously advocated for free-market principles and permitted the … Read more
Pulp and paper manufacturer Celulosa Argentina SA has sought bankruptcy protection, citing the administration of President Javier Milei as responsible for fostering a detrimental business climate for domestic industry. Following the failure to meet bond obligations, Celulosa, located in the agricultural export center of Rosario, is currently pursuing creditor protection through Argentina’s version of a … Read more
A court has mandated that Argentina’s economy ministry provide all documentation pertaining to the nation’s most recent agreement with the International Monetary Fund (IMF) by the upcoming Friday. The decision follows the office’s inability to disclose information regarding the specifics of the agreement to the public. The federal court of Dolores mandated the ministry, under … Read more
Argentina has once again tightened foreign-currency restrictions at commercial lenders, as President Javier Milei’s administration intensifies its efforts to bolster the peso and mitigate inflation in the lead-up to midterm elections. The Central Bank announced new regulations on Friday aimed at enhancing oversight of the foreign-exchange market and reducing volatility, as stated in a publication … Read more
Risks don’t disappear just because you ignore them. They only become more dangerous. – Nassim Nicholas Taleb At its core, economic policy represents the strategic management of risk. Every programme faces inherent tensions, and each stabilisation plan necessitates a set of decisions that favor specific objectives while sacrificing others. Every government determines the risks it … Read more