Utility price hikes are strangling Argentina’s poor and impeding recovery

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The utility-rate adjustment implemented by Javier Milei’s government has significantly diminished the purchasing power of lower-income households, thereby hindering the recovery in domestic consumption — and consequently, in economic activity. Utilities have experienced a significant increase, surpassing the average inflation rate since Milei assumed office. The Interdisciplinary Institute of Political Economy has projected that from … Read more

Argentina Economy

April Economy Shrinks Amid Uneven Growth

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Argentina’s economy contracted in April following a brief recovery in the preceding month, highlighting a pattern of inconsistent growth as President Javier Milei’s term progresses beyond the halfway mark. Economic activity declined by 1.5 percent from March, falling short of the one percent decrease projected by economists, as reported by government data released on Monday. … Read more

Milei names Santilli Cabinet chief after Adorni leaves

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President Javier Milei confirmed on Sunday that Diego Santilli will assume the role of Cabinet chief following the resignation of Manuel Adorni, who is currently under investigation for alleged illicit enrichment. Milei disclosed the appointment via social media, sharing an image of himself with Santilli and his sister, Karina Milei, who serves as Presidential Chief-of-Staff. … Read more

Dollar lending rules relaxed by government evoke 2001 catastrophe

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The government of Argentina has permitted companies lacking export revenues to secure loans in dollars. The objective is to capitalise on the influx of funds in United States currency that have recently entered the banking system, primarily due to government initiatives aimed at persuading Argentines to convert their hidden dollar savings into the formal economy. … Read more

Blue Dollar News

Pax Silica Grows as Argentina Supports AI and Critical Minerals

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Argentina has joined Pax Silica, the strategic alliance advocated by U.S. President Donald Trump. The objective is to establish a strategic alliance in artificial intelligence that enhances the supply chains for advanced technologies. Foreign Minister Pablo Quirno disclosed the decision via social media. “This initiative will allow Argentina to take part in joint efforts to … Read more

Blue Dollar News

IMF: Argentina’s Debt Market Comeback Rests with Milei

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The International Monetary Fund emphasised the advancements achieved by the Milei administration in terms of economic stabilisation, decreasing inflation rates, and increasing reserves. The fund indicated that the decision for Argentina to return to international debt markets rests with the country’s own authorities. The message was delivered by Julie Kozak, the director of the IMF’s … Read more

Blue Dollar Updates

Government scores big with ‘Super RIGI’ and holdout agreement

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The ruling coalition achieved two significant legislative successes on Wednesday, with the Chamber of Deputies endorsing a new investment incentives framework for emerging industries, referred to as “Super RIGI,” alongside a resolution with hedge funds possessing bonds from Argentina’s 2001 default. The new Incentive Regime for Large Investments in New Industries (RIGI for New Industries) … Read more

Blue Dollar News

Industry in Argentina wants more RIGI-supplier cooperation

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The Argentine Industrial Union (in Spanish, UIA) has introduced a bill to Congress designed to solidify collaborations between domestic firms and foreign capital investing in the nation through the Large Investment Incentives Regime, which is President Javier Milei’s primary investment initiative. While the RIGI includes a clause mandating that 20% of the purchases and contracts … Read more

Blue Dollar News

Argentina’s GDP jumps 2.3% in Q1 2026, but investments fall

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Argentina’s Gross Domestic Product experienced a year-on-year growth of 2.3% in the first quarter of 2026, alongside a 0.7% increase compared to the last quarter of 2025, marking a “new all-time high” for a first quarter, as stated by Economy Minister Luis Caputo. Growth was primarily fuelled by private consumption, which achieved a record high. … Read more

Milei cut minimum salary purchasing power 40%

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Registered workers earning the minimum wage in Argentina can currently purchase only six out of every ten products that their salary would have allowed prior to Javier Milei’s assumption of office. This level of purchasing power is even inferior to the crisis of 2001, warns a new report from the University of Buenos Aires. It … Read more