Months of research led to the compilation of this list of the 20 largest landowners in Argentina. Its stated goal is to set the stage for the continuing discussion of land ownership and the government’s effort to remove regulations limiting foreign ownership. Disputes have flared up again in Argentina following President Javier Milei’s recent effort … Read more
The cooks at an Argentine soup kitchen are concerned that their meager supply of pasta will not be sufficient to fill the empty plastic containers left by hungry guests. Carina López, 50, is the manager of ‘Las hormiguitas viajeras’, a community dining hall in Loma Hermosa, a disadvantaged neighborhood in San Martín, north of Buenos … Read more
In his first full month in office, President Javier Milei proceeded to impose portions of his shock therapy economic strategy, which resulted in a monthly slowdown in Argentina’s consumer prices. January’s inflation fell to 20.6 percent from a month earlier, little less than the 21 percent predicted by economists. Prices increased by 254.2 percent from … Read more
Buenos Aires City’s inflation increased to 21.7% last month due to increases in food, fuel, and transportation costs, according to City Hall. According to January data from City Hall’s Statistics and Census Directorate, consumer prices have increased by 238.5 percent in the previous year. According to the government agency’s data, inflation picked up steam last … Read more
The International Monetary Fund’s executive board has approved a US$4.7-billion disbursement to the government of Argentine President Javier Milei, according to a person with direct knowledge of the matter. The payments are part of a refinanced US$44-billion programme, the lender’s largest, that was beset by uncertainty for months during the election campaign that saw Milei … Read more
Economy Minister Luis Caputo announces President Javier Milei’s government will withdraw the fiscal chapter of its sweeping ‘Omnibus bill’ reform package to ease its passage through Congress. President Javier Milei’s government is withdrawing key fiscal measures from its sweeping ‘Omnibus bill’ reform package after facing stiff political opposition, Economy Minister Luis Caputo announced late Friday. … Read more
President Javier Milei will propose new rules to increase the number of Argentines paying income tax as part of a strategy to shore up government finances, according to two government officials familiar with the plan. The proposal that will be sent to Congress on Tuesday establishes that individuals making more than 1.3 million pesos (US$1,583) … Read more
International Monetary Fund confirms it has reached staff-level agreement with Argentina on fourth review of US$44.5-billion debt programme and calls for “modification of net international reserve accumulation target” due to economic impact of drought; Decision paves way for new tranche of US$5.3 billion in the near future. The International Monetary Fund (IMF) announced Monday that … Read more
Argentina will give investors the chance to exchange holdings of local debt into new bonds in a bid to ease fears of a default on the government’s US$35 billion of local debt coming due in the second quarter. Economy Minister Sergio Massa said the government would offer investors two swap options to exchange local bonds … Read more
New ‘wine dollar’ set to join country’s alphabet soup of parallel exchange rates, confirms Sergio Massa; Measure set to kick in April 1, with value set to be defined in next 20 days. Argentina’s government is drawing up plans to introduce the so-called ‘Dolár Malbec’ – yet another specialist exchange rate, this time aimed at … Read more