The Central Bank announced on Monday that Argentina will modify its currency exchange bands in alignment with the inflation rate beginning in 2026. The monetary authority is set to initiate the accumulation of international reserves, a move it had previously hesitated to undertake due to concerns about potential inflationary pressures. “We entered a phase in … Read more
President Javier Milei is poised to initiate a bold reform agenda for Argentina’s economy as a more cooperative Congress assumes its duties on Wednesday. Investors anticipate that this may merely be the preliminary phase of a more significant shift: the removal of the stringent currency controls that characterized his initial two years in office. Milei’s … Read more
Poverty and destitution in Argentina have seen a notable decline over the past year; however, the current levels still exceed those reported by official statistics, according to a credible watchdog. A report released on Thursday by the Social Debt Observatory of the Argentine Catholic University indicates that poverty was recorded at 36.3 percent, while extreme … Read more
Argentina is in discussions with banks regarding a potential loan of up to US$7 billion, as stated by Economy Minister Luis Caputo on Wednesday, in light of decreasing international reserves and upcoming debt obligations in January. During an event featuring prominent business leaders, the official discussed negotiations amounting to between US$6 billion and US$7 billion … Read more
Having dedicated the first half of his term to a successfully maintained and electorally vindicated consolidation of a fiscal surplus, President Javier Milei identifies a primary challenge for the second half as positioning Argentina on a sustained growth trajectory. He benefits from a recent electoral mandate that facilitates consensus-building, a weakened opposition facing an ongoing … Read more
The diplomatic pivot of the Javier Milei administration towards Washington presents a strategic opportunity for US President Donald Trump to begin diminishing China’s influence in Latin America. Scott Bessent, serving as Treasury Secretary under Trump, articulated this within the framework of mobilizing financial support: “Milei is committed to getting China out of Argentina,” he stated … Read more
In September, Argentina’s economic activity experienced a 0.5% uptick compared to August, and a notable 5% increase when juxtaposed with the same month in the prior year. The economy experienced a growth of 0.5% in the third quarter, successfully sidestepping a recession. Tuesday’s figures from the government’s INDEC statistics institute caught some analysts off guard, … Read more
Despite the fact that the economy of Argentina experienced growth that was more than what had been expected in the month of September, this occurred in the midst of a situation in which the volatility of the market had been exacerbated by municipal and national midterm elections. According to an announcement that was made on … Read more
The circumstances faced by the victims of neo-colonial exploitation, while dire, are not the most severe outcomes one could encounter. Countries that maintain a distance from the so-called scheming capitalists, often criticized by nationalists and leftists, are more prone to self-impoverishment compared to those that embrace them and permit their involvement in significant sectors of … Read more
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