The government is set to confront an interest payment of approximately US$800 million to the International Monetary Fund on Monday, amidst constrained dollar reserves in Treasury accounts and a pending approval for a new disbursement. To fulfilll its obligation, the Economy Ministry is contemplating the utilisation of its dollar deposits or the acquisition of foreign … Read more
Under Javier Milei’s administration, exports of raw materials serve as the primary engine driving Argentina’s economy. While the oil and gas and mining sectors have gained considerable ground in recent years, agriculture remains a pivotal sector. Data indicates that primary products and agricultural manufactures constituted over half of Argentina’s exports, amounting to US$38 billion from … Read more
A senior official from the International Monetary Fund emphasised Thursday that Argentina should invest more and create more jobs with the money it has saved from financial stabilisation. Julie Kozack, the head of IMF communications, urged President Javier Milei’s administration to transform its economic gains into stronger growth. This week, an IMF technical team reached … Read more
The International Monetary Fund has reached an agreement with Javier Milei’s administration on four key areas of action aimed at converting macroeconomic stabilisation into enhanced economic activity and job creation. The announcement was made by IMF spokesperson Julie Kozack at her monthly press briefing on Thursday, just two days after the institution approved the third … Read more
Argentina’s economic outlook was characterised by a blend of positive and negative indicators at the close of 2026. An export boom in commodities was observed alongside increasing unemployment, a deceleration in disinflation, and a general slowdown in economic activity. In this context, the German-Argentine Chamber of Industry and Commerce (AHK, by its German acronym) convened … Read more
Argentine authorities and staff from the International Monetary Fund reached a staff-level agreement on Tuesday. This marks the third evaluation of the Extended Fund Facility program established by the Milei administration with the lender in 2025. The new program unlocked a US$20 billion loan, which accumulates alongside a prior US$45 billion debt incurred by the … Read more
Javier Milei’s administration is endeavouring to instill confidence in the markets as apprehensions mount regarding a potential economic recession on the horizon. Concurrently, investors are placing heightened emphasis on the electoral prospects of the libertarian president. In light of recent developments, two indicators published in the past few days have contributed to a resurgence of … Read more
Argentine exports persist in their upward trajectory, driven by the commodities boom that is currently affecting the region. In September, exports amounted to US$10 billion, reflecting a year-on-year increase of 23.5%, while seasonally adjusted exports experienced an 8.6% rise compared to the preceding month. The increase was propelled by advancements in both prices (16%) and … Read more
Argentine exports are witnessing an extraordinary surge in recent years, propelled by a significant increase in hydrocarbon production, mining activities, and an exceptional grain harvest. Estimates from the centre-right think tank Fundación Capital suggest that goods exports may exceed US$100 billion by year-end, surpassing the previous all-time high of US$88.7 billion established in 2022. Exports … Read more
A push by President Javier Milei’s administration to get Argentine banks “banking again” is losing momentum, as lenders are once again relying on government bonds for profit. This shift occurs amid a slowing economy and elevated delinquency rates that are impacting their traditional business operations. Earnings from government securities at commercial banks constituted approximately 56 … Read more
