A significant indicator of Argentina’s sovereign risk has decreased to its lowest point in seven years, as the policy adjustments implemented by President Javier Milei’s administration have positioned the country nearer to re-entering international debt markets. The additional yield that investors require to hold Argentina’s sovereign debt compared to US Treasuries of equivalent maturity decreased … Read more
The European Union on Monday expressed optimism about finalizing a long-stalled trade agreement with the South American bloc Mercosur “soon,” indicating advancements toward endorsement by the member states of the bloc. Diplomats have indicated that the EU is targeting a signature on January 12, following the disappointment of December’s anticipated agreement, which was thwarted by … Read more
President Javier Milei stands out in Argentine economic history — not solely because of his libertarian foundations, which are more rhetorical than impactful in his financial choices, but due to his implementation of fiscal austerity while maintaining sufficient popularity to secure a decisive victory in the midterm elections. In Argentina, the political capital of today … Read more
President Javier Milei has officially enacted a “fiscal innocence” bill, designed to incentivize individuals to deposit dollars hidden under mattresses or held in offshore accounts by offering a measure of tax evasion amnesty. In the context of prolonged high inflation and stringent currency controls, Argentines have increasingly opted to exchange their pesos for dollars, frequently … Read more
Commencing this Friday, January 2, the newly established inflation-adjusted band scheme will be implemented. Through its implementation, the economic team led by Minister Luis Caputo aims to expand the upper limit of the exchange rate scheme to ensure that the accumulation of foreign currency, a demand long postponed by the government, does not exert upward … Read more
The government of Argentina has declared its intention to close the ANDIS national disability agency, which has been at the center of corruption allegations linked to President Javier Milei’s sister. The agency’s functions will be integrated into the Health Ministry, ensuring that there will be no reductions in the benefits currently extended to over three … Read more
Argentina stands out as one of the rare democratic nations where the government, after several years in office, continues to maintain substantial public backing. It is also a scenario in which one might reasonably anticipate that the future could significantly surpass both the present and the recent past. Absent the prevailing optimism that, in due … Read more
With only five trading days remaining before the significant January 9 deadline, Argentina’s Treasury possesses merely US$1.9 billion of the US$4.3 billion it is obligated to pay, despite recent initiatives aimed at enhancing the country’s dollar reserves. Economy Minister Luis Caputo retains several avenues as he endeavors to consolidate the remaining resources. The options under … Read more
Following years of financial turmoil, Argentines typically prefer to store their money in various unconventional locations rather than in banks – whether it be beneath the couch, buried in the backyard, or secured in fortified bunkers. One former politician notably concealed funds at his nearby convent. The nuns provided assistance. President Javier Milei successfully persuaded … Read more
This week, the Argentine government initiated the privatization of the state-owned company Argentine Railways, marking the 11th public venture to be opened to private capital in 2025. Since the inception of the Milei administration, a total of 19 companies have undergone privatization or have been made available for corporate ownership bids. The Argentine Railways operates … Read more