The recent “Argentina Week” held in Paris was characterised by a series of investment announcements and government initiatives aimed at attracting foreign capital. Announcements for investment projects in energy, mining, and the automotive industry totalled US$27 billion. It has been confirmed that the Final Investment Decision for Argentina LNG – the largest investment in the … Read more
On the concluding day of Argentina Week, the nation’s investment roadshow in Paris, Economy Minister Luis Caputo, accompanied by Cabinet Chief Diego Santilli, unveiled the initiation of Argentina’s Citizenship by Investment Program. “The initiative is part of the process of international opening and integration being promoted by Argentina, together with reforms aimed at strengthening the … Read more
The JPMorgan EMBI+ index for Argentina, referred to as “country risk,” has been on an upward trajectory in recent weeks, driven by uncertainty related to the upcoming elections, recent economic indicators, and a decline in reserve acquisitions by the Central Bank. Renewed volatility in United States Treasury bonds over the last week – which sent … Read more
As Javier Milei’s administration endeavours to maintain its fiscal surplus and bolster Central Bank reserves to enhance its position in international debt markets, a new challenge has arisen from abroad in recent days: the United States itself. The speech delivered by Federal Reserve Chair Kevin Warsh on Friday at the Jackson Hole conference caused markets … Read more
In mid-July, JPMorgan’s EMBI+ index for Argentina, which indicates the interest rate Argentina would incur for foreign borrowing, reached 402 basis points, marking its lowest point since April 2018. As time progressed, the likelihood of surpassing the 400-point threshold steadily diminished. Although the economic team did not explicitly aim for the JPMorgan index to dip … Read more
Argentina’s Neuquén Province is set to present to foreign investors in New York its inaugural international bond issuance in almost ten years, as the local government capitalises on the benefits of a shale oil boom, according to two individuals with direct knowledge of the situation. Provincial officials are set to embark on an investor roadshow … Read more
Argentina’s impressive bond rally is poised to face challenges as the upcoming presidential elections reignite worries regarding the nation’s tumultuous economic history, as noted by Pablo Goldberg, an emerging markets portfolio manager at BlackRock Inc. The debt has returned approximately 8.3 percent this year, surpassing any other sovereign in Latin America, following two ratings upgrades … Read more
Standard & Poor’s upgraded Argentina’s credit rating from CCC+ to B- on Thursday, igniting a surge of optimism in the local market. Dollar-denominated sovereign bonds experienced significant increases, while the country risk index fell dramatically to 444 basis points, marking its lowest point since May 2018. The local S&P Merval index experienced an increase of … Read more
La Rioja Governor Ricardo Quintela has declared that his administration will reintroduce quasi-currency as a means to finance forthcoming wage increases. The news arrives as the provincial economy continues to be in default with international markets and confronts a contraction in federal revenue transfers. In 2024, La Rioja introduced quasi-currency for the first time in … Read more
Argentine provinces are accessing global bond markets at the quickest rate in almost ten years, while the federal government remains focused on short-term debt in the domestic market due to investor concerns regarding the upcoming 2027 elections. Chubut, Cordoba, and other provinces, together with Buenos Aires City, have collectively issued bonds amounting to US$2.3 billion … Read more
