The financial condition of Argentine households has entered a pivotal phase, with debt to digital wallets attaining unprecedented levels. A recent study utilizing data from the Argentine Central Bank through November 2025, reveals that the typical family dedicates 33% of its income to the repayment of virtual wallet balances and non-bank loans. The figures have … Read more
US Treasury Secretary Scott Bessent stated on Sunday that Trump’s endorsement and the US$20 billion U.S. currency swap with Argentina have facilitated President Javier Milei’s strong performance in October’s midterm elections. In an interview, Bessent remarked: “[Trump] endorsed President Milei.” Clearly, President Milei surpassed all expectations in the polls, achieving a significant victory. It appears … Read more
Argentina’s country risk, as measured by JP Morgan, decreased to 517 basis points on Monday — the lowest level observed since June 2018. The indicator assesses the likelihood of a nation experiencing a sovereign default. A low score, consequently, is essential for reestablishing access to the international debt market. Upon Javier Milei’s assumption of office … Read more
Latin America is undergoing a financial revolution. Once dominated by cash transactions and long queues at banks, the region is now embracing mobile wallets, instant transfers, and fintech platforms that are reshaping how people interact with money. This shift is not only modernizing consumer behavior but also redefining the foundations of economic growth. Mobile Phones … Read more
Latin America prepared for a significant impact as President Donald Trump’s tariffs disrupted global trade last year. However, the current period presents an unprecedented opportunity for the region’s exports. On Tuesday, Argentina reported that its exports in the previous year ranked as the second-highest in the nation’s history. The release came on the heels of … Read more
The Argentine government has recently declared its participation in NASA’s Artemis II, marking the first crewed mission to the moon since Apollo 17 in 1972. The mission is set to deploy five small satellites in collaboration with NASA’s international partners, featuring Atenea, a satellite developed in Argentina. President Javier Milei showcased Argentina’s involvement in the … Read more
President Javier Milei praised the leadership of US President Donald Trump, advocated for free-market capitalism, and criticized socialism during a notably restrained address at the World Economic Forum in Davos on Wednesday. Milei, regarded as Trump’s principal ally in Latin America, underscored his strong ties with Washington and articulated a defense of “Judeo-Christian values.” Highlighting … Read more
The national government has initiated a 12-month administrative takeover of the Port of Ushuaia, following the identification of significant financial irregularities and the misallocation of public funds. The directive was issued by the National Ports and Navigation Agency and made public this Thursday in the Official Gazette. The government of Tierra del Fuego province has … Read more
Javier Milei provided a strong justification for Argentina’s expanding economic relationship with China, asserting that his nation had limited alternatives but to engage in trade with Beijing, all while negotiating a potential agreement with the US. During an interview, Milei skillfully navigated his ideological alignment with US President Donald Trump’s administration alongside his economic engagement … Read more
The provincial government of Santa Cruz announced on Sunday that it has secured a loan of US$136 million from China to restart construction on a hydroelectric dam, a project that has been stalled since December 2023. The total loan is US$150 million and is provided by a consortium of banks led by ICBC and the … Read more