Economy Minister Luis Caputo has indicated that Argentina will seek to avoid issuing debt under New York law in January, aiming to reduce the nation’s “dependence on US Market. We will try to ensure that there isn’t” any new debt under New York law next month, Caputo stated, responding to an inquiry from a user. … Read more
Argentine enterprises and investors are incurring additional costs to acquire dollars in a strategic maneuver to circumvent the currency controls imposed by President Javier Milei. While individuals encounter reduced limitations in the current environment, corporations continue to navigate obstacles related to the acquisition and disposal of U.S. dollars as Milei endeavors to stabilize the peso … Read more
In October, the delinquency rate for Argentine household loans with banks climbed to 7.8%, marking the highest level recorded since the Central Bank initiated its data collection in 2010. The figure indicates a 5.5% increase year-on-year relative to 2024, a period during which irregularities in loan repayments to families were just above 2%. A report … Read more
The human capital ministry announced on Tuesday the suspension of the air traffic controller strikes that had been impacting both domestic and international flights. The decision follows the government’s implementation of a “compulsory conciliation,” a legal mechanism that suspends the protest and mandates the resumption of negotiations. The ministry announced via a statement that the … Read more
Argentina appears to be shifting from a prolonged resistance to mining and other activities viewed as detrimental to the environment, towards a strategy that prioritizes the pressing need for economic development and growth. Three significant legislative proposals that have captured public discourse in recent weeks indicate this remarkable change in perspectives. On Monday, President Javier … Read more
President Javier Milei engaged in a confrontation with Brazilian President Luiz Inácio Lula da Silva during the regional Mercosur summit regarding the situation in Venezuela, coinciding with US President Donald Trump intensifying pressure on Caracas. Sparring remarks from Lula and Milei emerged during a gathering of the South American bloc, where discussions included a prospective … Read more
The General Confederation of Labor orchestrated a significant demonstration on Thursday in Plaza de Mayo to oppose the government’s proposed labor reform. The demonstration united both factions of the Argentine Workers’ Central alongside various social movements, delivering pointed admonitions to the government regarding its proposed alterations to Argentina’s labor legislation. During the principal gathering, union … Read more
Following a two-year focus on maintaining “a cheap dollar” as a means to demonstrate declining inflation rates, President Javier Milei’s administration has capitulated to demands from Washington to bolster Argentina’s international reserves. The announcement of an update to the peso’s exchange-rate trading bands, indexing them to inflation starting in January, reflects a pragmatic shift: Milei’s … Read more
Each morning at Argentina’s Central Bank, the traders on the foreign exchange desk embark on a straightforward objective: to prevent the peso from fluctuating excessively in either direction. Recently, the peso has demonstrated relative stability, weakening by less than one percent in November, marking its smallest monthly fluctuation of the year, despite being the weakest … Read more
Argentina has experienced a decline in foreign direct investment to negative levels for the first time in 22 years, coinciding with a trend of international companies divesting their operations to local enterprises. A report indicates that FDI recorded a negative US$1.52 billion from January to November 2025, marking the first year with a deficit since … Read more