Economy Minister Luis Caputo has declared that the government intends to present a revised fiscal innocence bill to Congress, aiming to address concerns highlighted by accountants and tax experts regarding the initial proposal that received approval in December. The bill, referred to as Fiscal Innocence II, is scheduled for submission on Thursday. During a conference … Read more
Credit rating agency Moody’s has elevated Argentina’s sovereign debt rating and revised its outlook on the nation from stable to positive, attributing this change to a reduction in default risk and “improving governance.” On Tuesday, the agency elevated the long-term local and foreign-currency issuer ratings of the government of Argentina from Caa1 to B3. Argentine … Read more
Argentina recorded a historic trade surplus of nearly US$14 billion in the first half of the year, propelled by increased exports and reduced imports compared to the same timeframe last year, notwithstanding a decline in the trade balance for June. On Monday, the statistics institute INDEC announced a trade surplus for June exceeding US$2 billion, … Read more
Elon Musk and Javier Milei met in February of 2025. More than a year later, the President remarked, somewhat humorously, that he had requested the businessman to present him with a Tesla, but that Musk had overlooked the appeal. Perhaps next spring, Argentina’s head of state will witness some of those luxurious, innovative cars traversing … 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 June inflation fell to 1.9%, according to a study released on Tuesday by the National Institute of Statistics and Censuses. This figure represents the third consecutive decline, following April’s 2.6% and May’s 2.1%. Furthermore, this marks the first occasion in ten months that the inflation rate has dipped below the 2% threshold. It represents … Read more
The International Monetary Fund has expressed approval of the Argentine government’s proposed reform of the Central Bank, which is intended to enhance its independence, according to the institution’s spokeswoman, Julie Kozack, on Thursday. The reform of the Central Bank’s charter is an integral component of the extensive financial reform agenda recently introduced by President Javier … Read more
President Javier Milei has invited Kristalina Georgieva, Managing Director of the International Monetary Fund, to visit Argentina at the end of the month. The announcement follows an IMF report that upholds its economic growth forecasts for the country, coinciding with the appointment of an Argentine economist as the fund’s new chief economist. Economy Minister Luis … Read more
Argentina is poised to execute a significant payment on its dollar bonds this week, achieving a milestone that many investors deemed improbable, all while the nation abstains from engaging with global debt markets. The government asserts that it has successfully obtained the necessary funds to fulfil the US$4.3-billion semi-annual obligation, which is divided between principal … Read more
Private economists, economists, and financial institutions anticipate that Argentina’s monthly inflation rate will decline to below two percent starting in August, marking the first occurrence of this trend in several months. According to the Central Bank’s latest poll of leading firms and experts, Argentina is projected to experience an annual inflation rate of approximately 30 … Read more