Luis ‘Toto’ Caputo has forecasted that Argentina’s economy may expand by as much as 10 percent in the coming year, contingent upon the approval of the government’s reform programme by Congress. During an event, Argentina’s economy minister remarked that confidence in President Javier Milei’s administration is on the rise following his success in the previous … Read more
Prices in Argentina increased as anticipated last month, coinciding with the midterm election challenges faced by President Javier Milei’s party. In October, consumer prices experienced an increase of 2.3 percent, aligning with the median forecast of economists survey, and representing an uptick from the 2.1 percent recorded in September. According to government data published Wednesday, … Read more
Argentine Economy Minister Luis Caputo defended the implementation of a currency band scheme for the peso-dollar exchange rate, arguing against a free-floating system by characterizing the Peronist opposition as “communism.” The government is considering a labor reform designed to ease the process of layoffs; however, modifications to the tax system will be postponed. “We cannot … Read more
Javier Milei strode onto the stage in Santiago, flung up his arms, and gave a bow to an economist with a front-row seat: Rolf Lüders, one of the last of the original Chicago Boys. In 2019, four years prior to Milei’s election as President of Argentina, he began implementing his anarcho-capitalist approach to shock therapy … Read more
Banks indicate that La Libertad Avanza’s success in the midterm elections presents a distinct opportunity for President Javier Milei’s Government to accelerate economic normalization, focus on acquiring international reserves, and adjust the exchange rate regime – or potentially liberalize it. Citibank, one of the entities through which the US Treasury purchased pesos to intervene in … Read more
US Treasury Secretary Scott Bessent’s intervention in Argentina appears to prioritize the interests of his associates over the welfare of the nation, according to allegations made by economist. Numerous hedge funds that have previously collaborated with the Treasury Secretary maintain significant stakes in Argentine bonds, and Washington’s US$20-billion swap package aims to protect their returns. … Read more
As a result of the 2.1 percent increase in consumer prices that occurred in September, inflation continued its upward trend over the previous month. According to the data, prices have increased by 22 percent in the first nine months of the year and by 31.8 percent over the last twelve months. This represents a considerable … Read more
The economic outlook for Argentina is generating divergent views among prominent institutions. The International Monetary Fund maintains its growth forecast for 2025, in contrast to the World Bank, Organisation for Economic Cooperation and Development, and private analysts, who have revised theirs downward. The IMF has maintained its forecast of 5.5 percent growth for 2025, commending … Read more
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