The Executive Board of the International Monetary Fund announced on Thursday the approval of the second review of Argentina’s 48-month Extended Fund Facility agreement, which was signed in 2025. Consequently, the nation is set to obtain approximately US$1 billion, which corresponds to 0.8 billion of Special Drawing Rights, the IMF’s international reserve asset. With these … Read more
Economic activity surged in March, reaching a new all-time high with a remarkable growth of 3.5% compared to the previous month and an impressive 5.5% year-on-year. This growth was primarily driven by robust performances in agriculture, industry, and mining. According to the statistics institute INDEC’s Monthly Economic Activity Estimator, it was the largest monthly increase … Read more
US Secretary of State Marco Rubio has been alerted by the chairman of the House Foreign Affairs Committee regarding a tender initiated by President Javier Milei in Argentina. This tender aims to enhance a crucial waterway, but there are concerns that it may be awarded to a consortium purportedly linked to China. US Representative Brian … Read more
Argentina’s trade balance recorded a surplus of US$2.711 billion in April, representing the 29th consecutive month of positive results. The outcome was propelled by an unprecedented surge in exports coupled with a reduction in imports. Total trade exchange — combining both flows — reached US$15.118 billion, reflecting a year-on-year increase of 15.1 percent. Exports totalled … Read more
According to private consultancy ABECEB, Argentina’s exports are projected to achieve a new high of US$ 94.4 billion by 2026, enabling the nation to conclude the year with a trade surplus of US$ 16 billion. This would indicate an 8.4% increase compared to the previous year, surpassing the former all-time high of US$ 88.4 billion … Read more
Argentina’s Central Bank confirmed on Monday that it disbursed US$17.7 million in interest following the activation of its swap line with the United States, a move made in anticipation of the legislative elections scheduled for October 2025. Officials indicated their intention to extend the swap line with China, while simultaneously dismissing the prospect of any … Read more
Economy Minister Luis Caputo announced on Monday that, in April, Argentina recorded a primary surplus of AR$632 billion and a financial surplus of AR$268 billion. The minister also reported the accumulated fiscal surplus for the initial four months of 2026. “In the first four months of the year, the [country] accumulated a primary surplus of … Read more
A significant increase in household delinquencies is unsettling Argentina’s banking and fintech sectors, posing yet another obstacle to President Javier Milei’s bold economic reform agenda. The proportion of households unable to meet their debt obligations surged to a 15-year peak of 11.5 percent of total loans in March, up from 2.6 percent at the close … Read more
An International Monetary Fund Executive Board meeting and the necessary “board approval” next week will facilitate a US$1 billion disbursement to Argentina, as stated by IMF spokesperson Julie Kozack during a press conference on Thursday in Washington, D.C. While a specific date was not provided, estimates suggest that the transfer may occur next Wednesday. Argentina … Read more
Recent private surveys indicate that consumer spending remains stagnant, raising concerns about the economic recovery that President Javier Milei has been forecasting for the upcoming months. In April, retail sales experienced a decline of 3.2% compared to the same month last year, and a decrease of 1.3% relative to the preceding month, as reported by … Read more