The Argentine Treasury Attorney General’s Office has submitted a formal request to the Southern District Court of New York, seeking to suspend the discovery process mandated by the court, along with the contempt motion initiated by Burford Capital in the ongoing trial concerning the 2012 expropriation of the state-owned energy company YPF. The government, in … Read more
A prominent pipeline initiative endorsed by Javier Milei’s administration opted for a foreign supplier rather than a domestic behemoth led by one of Argentina’s wealthiest individuals, serving as a litmus test for the President’s commitment to a free-market approach aimed at liberalizing a protectionist economy. Southern Energy SA, the private consortium spearheading the construction of … Read more
The financial condition of Argentine households has entered a pivotal phase, with debt to digital wallets attaining unprecedented levels. A recent study utilizing data from the Argentine Central Bank through November 2025, reveals that the typical family dedicates 33% of its income to the repayment of virtual wallet balances and non-bank loans. The figures have … Read more
US Treasury Secretary Scott Bessent stated on Sunday that Trump’s endorsement and the US$20 billion U.S. currency swap with Argentina have facilitated President Javier Milei’s strong performance in October’s midterm elections. In an interview, Bessent remarked: “[Trump] endorsed President Milei.” Clearly, President Milei surpassed all expectations in the polls, achieving a significant victory. It appears … Read more
Argentina’s country risk, as measured by JP Morgan, decreased to 517 basis points on Monday — the lowest level observed since June 2018. The indicator assesses the likelihood of a nation experiencing a sovereign default. A low score, consequently, is essential for reestablishing access to the international debt market. Upon Javier Milei’s assumption of office … Read more
The Argentine government has recently declared its participation in NASA’s Artemis II, marking the first crewed mission to the moon since Apollo 17 in 1972. The mission is set to deploy five small satellites in collaboration with NASA’s international partners, featuring Atenea, a satellite developed in Argentina. President Javier Milei showcased Argentina’s involvement in the … Read more
According to the most current World Economic Outlook published by the International Monetary Fund, which was presented on Monday in Brussels, it is projected that Argentina’s gross domestic product will increase by 4% in both the years 2026 and 2027. Despite the fact that the world economy is experiencing significant pressures, the organization maintained its … Read more
Argentina achieved a budget surplus, marking the second consecutive year of fiscal outcome. The news was attributed to the “zero deficit” policy enacted by President Javier Milei upon his assumption of office in December 2023. Argentina’s primary surplus, excluding interest payments on debt, was recorded at 1.4 percent of gross domestic product last year, while … Read more
Legal representatives for Argentina in the YPF expropriation case in New York have characterized the request from UK-based hedge fund Burford Capital — the plaintiffs — to hold the nation in contempt as “procedural harassment.” On Thursday, Burford’s legal team submitted a formal request to Judge Loretta Preska. The assertion pertains to the discovery phase … Read more
International Monetary Fund spokesperson Julie Kozack announced that the Fund’s technical mission is set to conduct the second review of the agreement established with Argentina last year. She also emphasized that the Central Bank has been accumulating reserves “at a faster than anticipated pace” since the beginning of the year. “We are also very encouraged … Read more