Argentina has submitted an initial memorandum to formalize its membership application to the Organisation for Economic Co-operation and Development, as announced by the international body on Tuesday. OECD officials characterized the filing as a “decisive step” in the nation’s accession process. During a visit by OECD Secretary-General Mathias Cormann to Buenos Aires, Foreign Minister Pablo … Read more
US Treasury Secretary Scott Bessent confirmed on Tuesday that Argentina had initiated the currency swap. The announcement concluded a period of speculation, with economists suggesting that the event had already transpired, despite the absence of confirmation from local authorities. Argentine President Javier Milei’s administration has not issued any public statements concerning the activation — as … Read more
An influx of Argentine companies is seeking to issue global bonds as chief financial officers aim to take advantage of robust investor demand in the wake of President Javier Milei’s triumph in the congressional midterm elections. Pampa Energía SA, a natural gas and power producer, is set to issue new dollar bonds maturing in 2037. … Read more
Argentina’s Ambassador to the United States, Alec Oxenford, stated on Monday that a trade agreement between the two nations “is practically finalized” and that the announcement is imminent. The diplomat indicated that the negotiations involving Presidents Javier Milei and Donald Trump are supported by the US Treasury. “There will be news very soon,” he stated. … Read more
Economy Minister Luis Caputo informed investors in New York that Argentina intends to repurchase sovereign bonds and begin accumulating foreign reserves, even as the peso remains within its designated trading band, according to sources familiar with the situation. In a recent meeting attended by approximately 40 investors, organized by JPMorgan Chase & Co., Caputo indicated … Read more
Under President Javier Milei’s administration, a minimum of 16 multinational corporations have exited Argentina to date. The sectors exhibit variability; however, they are predominantly influenced by issues such as insufficient legal security, profitability challenges, complications in dividend collection, and the regional strategies employed by firms. A comprehensive array of structural factors has hindered the official … Read more
Sources indicate that Argentina has yet to register for participation in the COP30 climate summit. This suggests that the nation might align with the United States in abstaining from the upcoming annual discussions organized by the United Nations, set to commence in Brazil later this week. Last week, the White House confirmed that no senior … Read more
This week’s Central Bank data reveals that the United States Treasury has divested the pesos acquired prior to the mid-term elections, realizing a substantial profit, according to Argentine economists. If accurate, this would bolster the U.S. government’s position that it is not providing gratuitous financial assistance to Argentina. Nonetheless, it has raised concerns in both … Read more
Cryptocurrency adoption has rocketed in recent years, but what are the tokens that most people hold? By looking at the leading digital currencies held in wallets, we can work out why these users choose each option. Stablecoins to Avoid Devaluation and to Get Paid Stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI) have … Read more
The leader of MercadoLibre Inc’s operations in Argentina has advocated for stricter regulations concerning the rapidly expanding Chinese e-commerce platforms in Latin America, cautioning that a lack of equitable competition poses risks to local enterprises and employment opportunities. “It’s important to have a good regulatory framework that’s equal for everyone competing,” Juan Martín de la … Read more