Risks don’t disappear just because you ignore them. They only become more dangerous. – Nassim Nicholas Taleb At its core, economic policy represents the strategic management of risk. Every programme faces inherent tensions, and each stabilisation plan necessitates a set of decisions that favor specific objectives while sacrificing others. Every government determines the risks it … Read more
RIGI: Seven projects have been approved for RIGI, totaling over US$13 billion from local and foreign capital. Three operate in the energy sector, two are engaged in lithium mining, and one is part of the steel industry. 1. Projects that have received approval – Southern Energy, a collaboration involving Pan American Energy (PAE), YPF, Pampa … Read more
Leaked audio recordings link Karina Milei and other top officials to illicit disabilities pharmaceutical purchases, sparking a corruption scandal. Public outrage is escalating as an investigation probes into allegations that President Javier Milei’s sister, Karina Milei, received substantial cash kickbacks from pharmaceutical sales to Argentina’s disability services agency. The corruption scandal has gained significant attention … Read more
“If the reforms are questioned for being pushed by a government accused of corruption, they will never be long-term,” concludes one of Argentina’s top businessmen. The apprehension regarding the potential collapse of extensive initiatives, which may be influenced by the “early denunciations” of corruption within the upper echelons of President Javier Milei’s national administration, is … Read more
Much like the formidable “Iron Lady,” the late British prime minister Margaret Thatcher, whom he greatly respects, Milei makes it clear that he stands firm in his convictions. Javier Milei posits that permitting public expenditure to exceed the breakeven threshold, even marginally, would precipitate the collapse of the structure he is constructing, thereby jeopardizing Argentina’s final opportunity to achieve prosperity. In his recent nationwide broadcast, he articulated his readiness to challenge politicians, religious leaders, and those with progressive views who assert … Read more
Argentina’s dollar-denominated bonds and corporate equities listed on Wall Street experienced a significant decline on Wednesday, following the Lower House’s decision to override President Javier Milei’s veto concerning a law aimed at augmenting funding for individuals with disabilities. On the same day, rates for the securities-guaranteed loans surged dramatically amid market uncertainty regarding the administration’s … Read more
President Javier Milei’s administration has experienced a detrimental shift in the formal employment sector: from November 2023, the month preceding his inauguration, to May 2025, the economy has seen a decline of over 220,000 jobs and the closure of more than 15,000 businesses. A recent report by the Centro de Economía Política Argentina (CEPA) presents … Read more
In June, Argentina’s economy experienced a contraction for the fourth consecutive month this year, occurring just prior to a significant increase in interest rates in July. This development represents a minor setback for President Javier Milei as the nation approaches midterm elections in October. Economic activity declined by 0.7 percent from May, falling short of … Read more
In June, economic activity experienced a contraction of 0.7 percent compared to the preceding month, marking a second consecutive decline, according to the INDEC national statistics bureau. Financial services, wholesale, retail, and repairs drove 6.4% year-over-year economic growth despite a second monthly fall. In contrast, the statistics agency reported a year-on-year surge in activity of … Read more
Glencore Plc has submitted applications to incorporate two copper projects, with a total capital expenditure projected to exceed US$13 billion, into Argentina’s investment incentive programme. The commodities firm based in Switzerland is pursuing the tax, customs, and currency exchange advantages provided by the government program for El Pachón in San Juan Province and Agua Rica … Read more