President Javier Milei’s administration announced its intention to intervene in support of the national currency, as an escalating political scandal undermines investor confidence and poses a potential challenge for him in the upcoming legislative elections next month. The decision signifies a departure for a government that has previously advocated for free-market principles and permitted the … Read more
Pulp and paper manufacturer Celulosa Argentina SA has sought bankruptcy protection, citing the administration of President Javier Milei as responsible for fostering a detrimental business climate for domestic industry. Following the failure to meet bond obligations, Celulosa, located in the agricultural export center of Rosario, is currently pursuing creditor protection through Argentina’s version of a … Read more
A court has mandated that Argentina’s economy ministry provide all documentation pertaining to the nation’s most recent agreement with the International Monetary Fund (IMF) by the upcoming Friday. The decision follows the office’s inability to disclose information regarding the specifics of the agreement to the public. The federal court of Dolores mandated the ministry, under … Read more
Argentina has once again tightened foreign-currency restrictions at commercial lenders, as President Javier Milei’s administration intensifies its efforts to bolster the peso and mitigate inflation in the lead-up to midterm elections. The Central Bank announced new regulations on Friday aimed at enhancing oversight of the foreign-exchange market and reducing volatility, as stated in a publication … Read more
Risks don’t disappear just because you ignore them. They only become more dangerous. – Nassim Nicholas Taleb At its core, economic policy represents the strategic management of risk. Every programme faces inherent tensions, and each stabilisation plan necessitates a set of decisions that favor specific objectives while sacrificing others. Every government determines the risks it … Read more
Argentina’s economic crisis continues unabated, with wages throughout a significant portion of the national economy falling short of any reasonable benchmark for consumption. This has instigated a crisis of significant magnitude within the Armed Forces, particularly within the Navy, where dedication alone can no longer support those whose compensation is barely adequate. The La Libertad … Read more
RIGI: Seven projects have been approved for RIGI, totaling over US$13 billion from local and foreign capital. Three operate in the energy sector, two are engaged in lithium mining, and one is part of the steel industry. 1. Projects that have received approval – Southern Energy, a collaboration involving Pan American Energy (PAE), YPF, Pampa … Read more
Leaked audio recordings link Karina Milei and other top officials to illicit disabilities pharmaceutical purchases, sparking a corruption scandal. Public outrage is escalating as an investigation probes into allegations that President Javier Milei’s sister, Karina Milei, received substantial cash kickbacks from pharmaceutical sales to Argentina’s disability services agency. The corruption scandal has gained significant attention … Read more
“If the reforms are questioned for being pushed by a government accused of corruption, they will never be long-term,” concludes one of Argentina’s top businessmen. The apprehension regarding the potential collapse of extensive initiatives, which may be influenced by the “early denunciations” of corruption within the upper echelons of President Javier Milei’s national administration, is … Read more
President Javier Milei is intensifying his defense of Argentina’s currency in anticipation of another substantial local debt auction, exacerbating the strain on the banking system and the wider economy as he combats inflation. The government is conducting an auction on Wednesday for peso notes and dollar-linked securities, marking the second such event in a fortnight. … Read more