Argentina

International Monetary Fund : IMF

IMF commends Argentina’s initiatives aimed at enhancing dollar reserves

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Earlier this week, Argentina’s Central Bank implemented new economic measures aimed at enhancing foreign currency reserves. The International Monetary Fund (IMF) has commended President Javier Milei’s administration for implementing recent strategies aimed at enhancing Argentina’s international reserves. Earlier this week, Argentina’s Central Bank implemented new economic measures aimed at enhancing foreign currency reserves in response to … Read more

Juan Pazo

Milei’s proposal offers safeguards for Argentina’s illicit ‘mattress dollars’

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On Thursday, Argentina’s government announced the submission of a new bill to Congress, which is a component of its extensive “mattress dollars” initiative aimed at encouraging citizens to deposit the substantial amounts of cash they currently hold in their homes, safety deposit boxes, and offshore accounts. During a press conference at Casa Rosada, national deputy José … Read more

Argentina Strike

Court suspends Milei’s strike ban after labor challenge

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The court has suspended Milei’s decree that restricts the right to strike following a challenge from labor groups. A labour court in Argentina has put a hold on a portion of a decree from President Javier Milei that limited the right to strike and broadened the definition of “essential services” necessary to ensure operations during industrial … Read more

Argentina

Argentina declares global return with peso bond sale

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Argentina asserts its re-entry into global markets through the issuance of peso-denominated bonds.  Argentina’s government will issue a five-year bond denominated in pesos aimed at international investors who are permitted to purchase it in US dollars, a move the government celebrated as its return to global markets following a sovereign restructuring during the pandemic. On Monday, … Read more

Javier Milei - US Dollar

Milei’s significant challenge of persuading Argentines

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Argentines are well aware of their historical context, having indulged in spending sprees previously funded by the Central Bank, which consistently culminated in economic disaster: during the late 1970s, the 1990s, and the mid- to late 2000s. Milei faces the significant challenge of persuading them that the status quo will not persist. In the initial … Read more

US Dollar - Argentina

Milei delays ‘Mattress Dollars’ idea for City election.

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Milei postpones the implementation of the ‘mattress dollars’ initiative in light of the upcoming City election. The administration of President Javier Milei has deferred the declaration of new initiatives aimed at incentivizing savers to reintegrate their accumulated dollars into the formal economy. Following a period of anticipation, Presidential Spokesperson Manuel Adorni stated on Thursday that the “economic … Read more

Inflation Argentina

Currency reform in Argentina decreased inflation in April

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In April, Argentina experienced a more significant deceleration in inflation than anticipated, even in light of a shift in currency policy that market participants had predicted would increase volatility. Consumer prices increased by 2.8 percent from March, falling short of the 3.2 percent median estimate provided by analysts surveyed by Bloomberg. That figure has decreased from … Read more

Power Utility

Argentine utility company Albanesi seeks bondholders following delayed payment

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Argentine utility Albanesi engages with creditors following a default on bond obligations. Two subsidiaries of Argentina’s utility Grupo Albanesi have contacted creditors following a missed payment on dollar bonds issued merely six months prior. Generación Mediterranea SA and Central Térmica Roca SA are engaging with bondholders to address a disagreement regarding US$19 million in interest that was … Read more

Javier Milei & Donald Trump

Trump’s priority list for tariff discussions includes Argentina

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The initial trade discussions under the Trump administration feature a diverse array of significant exporters alongside smaller economies, as the White House aims to secure agreements that may act as templates for future negotiations. The team of US President Donald Trump has identified approximately 20 partners as the primary targets for initial negotiations, according to individuals … Read more

US Dollar

Analysts say Argentina’s dollar need may allow illicit financial flows.

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Argentina’s government is implementing new deregulatory measures that will enable individuals to utilize US dollars held outside the banking system without the need to disclose the source of the funds — a form of ‘sub-blanqueo’ whitewash designed to enhance liquidity, supported by a low exchange rate that necessitates a continuous oversupply of foreign currency. In … Read more