President Javier Milei enjoys provoking audiences both in Argentina and internationally with his assertion, “taxes are robbery and I’m saying that as the head of state.” Yet the libertarian tax authorities exerted such pressure on numerous small businesses to fulfilll their obligations that it culminated in a political issue. Aggressive enforcement tactics have incited frustration … Read more
With an emphasis on the hydrocarbons industry, Argentina’s Ministry of Economy announced on Thursday that it will host a second business matching event under the Large Investment Incentive Regime. The announcement was made by Economy Minister Luis Caputo on social media, just one week after the initial event took place in the city of Rosario, … Read more
Economy Minister Luis Caputo stated on Wednesday that Donald Trump’s significant midterm defeat would not impact relations with Argentina, asserting that President Javier Milei’s administration is equipped to endure any potential financial turbulence independently of US support. “For Argentina, nothing changes. It was an expected result,” Caputo said at an event organised by the FIEL … Read more
While markets had anticipated a victory for the Democratic Party in the U.S. midterm elections – or, more accurately, a significant defeat for President Donald Trump – the magnitude of the setback surprised both proponents and adversaries alike. In the recent electoral contest, Democrats achieved a total of 228 seats in the House of Representatives, … Read more
Economy Minister Luis Caputo articulated a robust defence of the government’s economic program on Tuesday during the inaugural session of the annual Conference of the Argentine Industrial Union (UIA, in Spanish), set against the backdrop of a significant decline in the nation’s manufacturing sector. During a gathering with business leaders at the Golden Center in … Read more
The electoral climate exerted pressure on Argentina’s stock market at the beginning of November, alongside sovereign bonds and shares of Argentine companies listed on Wall Street. However, analysts suggest that the sell-off was not influenced by uncertainty regarding the U.S. midterm elections, but instead by escalating worries about Argentina’s forthcoming presidential election. The concern is … Read more
The government is set to confront an interest payment of approximately US$800 million to the International Monetary Fund on Monday, amidst constrained dollar reserves in Treasury accounts and a pending approval for a new disbursement. To fulfilll its obligation, the Economy Ministry is contemplating the utilisation of its dollar deposits or the acquisition of foreign … Read more
Under Javier Milei’s administration, exports of raw materials serve as the primary engine driving Argentina’s economy. While the oil and gas and mining sectors have gained considerable ground in recent years, agriculture remains a pivotal sector. Data indicates that primary products and agricultural manufactures constituted over half of Argentina’s exports, amounting to US$38 billion from … Read more
A senior official from the International Monetary Fund emphasised Thursday that Argentina should invest more and create more jobs with the money it has saved from financial stabilisation. Julie Kozack, the head of IMF communications, urged President Javier Milei’s administration to transform its economic gains into stronger growth. This week, an IMF technical team reached … Read more
Officials at the Central Bank of the Argentine Republic offered critical perspectives on economic activity, inflation, and the hurdles confronting monetary policy as the nation approaches the upcoming year. The remarks were delivered during the presentation of the Monetary Policy Report for the third quarter, which took place on Thursday and was attended by BCRA … Read more
