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
Argentina’s recent credit upgrade is stimulating speculation that the nation may have another opportunity to access international markets following a missed chance in early 2026. According to investors, Fitch Rating’s decision to elevate the country’s credit score to ‘B-‘ may drive spreads back toward the multi-year lows observed in January. President Javier Milei may find … Read more
The exponential growth of the unconventional oil fields in Vaca Muerta, Neuquén, stands out as one of the most significant economic developments during the Milei presidency. The data presents a compelling case, especially within the oil sector. In the first quarter of 2026, the sector experienced a year-over-year growth of 16.2%, as reported by the … Read more
In March, the Argentine industry exhibited a notable recovery, marking its first year-over-year increase in nine months, with a rise of 5%. According to the Industrial Production Index published on Thursday by the statistics institute INDEC, activity experienced an increase of 3.2% relative to the preceding month. This favorable data mitigated the declines that Argentina’s … Read more
Fitch Ratings has upgraded Argentina’s credit score, reflecting an increasing confidence in President Javier Milei’s efforts to reform the economy and obtain financing for the nation’s forthcoming debt commitments. The South American nation was upgraded to ‘B-‘ from ‘CCC+’, which is six notches below investment grade, according to a statement released by the ratings firm … Read more
Argentina’s workforce has been evolving over the past two years: a decline in the number of young individuals entering the job market, coupled with an increase in retirees returning to work to supplement their income. The trend, as detailed by the Instituto Argentina Grande in its recent report, is progressing at two distinct speeds. The … Read more
Alejandro Lamas notes that dollar bills can become surprisingly damp and odorous after being tucked away under a mattress for years. He has accumulated numerous stacks from Argentines to whom he has sold used cars over the years, making him somewhat of a connoisseur. Present him with a fake, and he can discern its authenticity … Read more