Argentina’s Central Bank has reduced its one-day peso repo rate by 300 basis points to 22 percent, as per reports, in the context of market stabilization following President Javier Milei’s midterm election victory. Traders were informed of the new rate on Wednesday via the BYMA, the principal stock exchange in the country, according to sources. … Read more
In the wake of La Libertad Avanza’s unexpected triumph in Argentina’s midterm elections, President Javier Milei’s administration has bolstered its standing in both legislative chambers, thereby facilitating the advancement of an extensive economic reform agenda designed to liberalize the Argentine economy, according to a source. The package encompasses the 2026 budget alongside tax and labor … Read more
President Javier Milei received the new United States ambassador in Buenos Aires, Peter Lamelas, at the Casa Rosada on Monday, engaging in brief private discussions. Lamelas, 66, formally presented his diplomatic credentials to the President, a day after officially commencing his mission in Argentina. The Cuban-born US diplomat made an appearance at Government House shortly … Read more
Javier Milei is set to return to the United States this week to participate in a global summit in Miami, where he will be among notable attendees such as national football team captain Lionel Messi and US President Donald Trump. This marks the 14th visit to the United States for the President since assuming office … Read more
Javier Milei strode onto the stage in Santiago, flung up his arms, and gave a bow to an economist with a front-row seat: Rolf Lüders, one of the last of the original Chicago Boys. In 2019, four years prior to Milei’s election as President of Argentina, he began implementing his anarcho-capitalist approach to shock therapy … Read more
US Secretary of the Treasury Scott Bessent is preparing for a second visit to Argentina, as stated by President Javier Milei. Bessent, commending Milei’s “monumental midterm election victory” from the previous weekend. Furthermore, he urged for a robust and “enthusiastic” reaction from the markets to support Washington’s ally in the south. Milei, a firm advocate … Read more
The US Embassy in Argentina has formally declared the arrival of its new ambassador, Peter Lamelas, who arrived in Buenos Aires on Friday. “Welcome to Argentina!” Ambassador Peter Lamelas has arrived in Buenos Aires today and is set to present his credentials, marking the commencement of his duties at a pivotal juncture in the bilateral … Read more
The United States realized a gain from the acquisition of Argentine pesos. Banks having engaged in discussions with the US Treasury throughout October regarding a strategy to secure billions for Javier Milei, have not made progress this week. Scott Bessent conveyed a clear message to Argentine investors: Now it’s your turn. With Bessent’s mission accomplished … Read more
Argentina is set to slightly relax the reserve requirements that commercial banks are obligated to report on a daily basis, aiming to incrementally enhance liquidity and stimulate lending, as per an informed source. The committee of the Central Bank, convening on Thursday, is considering a relaxation of the requirement for complete daily adherence to reserve … Read more
Argentine provinces and companies are preparing to access global markets in the coming weeks, as President Javier Milei’s victory in the midterm elections enhances optimism regarding the country. This development creates an opportunity for debt sales that could inject essential dollars into the nation’s foreign-exchange market. This week witnessed a surge in bond activity, spearheaded … Read more