Argentina

Blue Dollar Updates

Argentina’s Golden Chance in China’s Sustainable Business Sector

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China’s remarkable growth in recent years is well-known; however, the increasing emphasis on sustainability within the country’s investment and development strategies is less acknowledged. In 2012, China integrated the notion of an “ecological civilization” into its National Constitution, establishing environmental protection as a fundamental prerequisite in its development strategies. In September 2020, President Xi Jinping … Read more

Blue Dollar Updates

Milei Caught Between US Pressure and China Ties

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Despite Argentina’s assertions to the contrary, the bailout from the United States government seems to be contingent upon certain conditions: they are seeking to eliminate China’s presence in Argentina. However, given Argentina’s substantial annual exports to China and the potential for significant infrastructure projects, one must consider whether President Javier Milei would genuinely sever these … Read more

Trump administration supports Milei government.

Milei benefits from new US funding for Argentina, but Trump threat angers

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The administration of US President Donald Trump has expressed its backing for Argentina’s President Javier Milei, aiming to enhance his prospects in the upcoming midterm elections – the onus now rests on him to secure victory. Milei, 54, is approaching the final stretch of the campaign trail, buoyed by favorable winds from Washington, even as … Read more

Blue Dollar News

Early Warnings Sound for Milei’s Argentina Amid La Niña Predictions

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A weather-altering phenomenon known as La Niña has emerged in the Pacific Ocean, thereby increasing the probability of drought conditions in California and agricultural regions in Brazil and Argentina. Concurrently, this phenomenon has brought about colder temperatures in the Midwest of the United States, while simultaneously bringing about a more temperate winter in New York … Read more

Blue Dollar Updates

Argentina’s growth outlook was adjusted to 4.6% by the World Bank

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The World Bank has revised its 2025 growth forecast for Argentina downward by nearly a percentage point to 4.6 percent, a figure that still exceeds projections from domestic analysts. In a report released on October 7 in Washington, the global institution indicated that the domestic economy is poised to be one of the top performers … Read more

Javier Milei

Milei Stands Firm on Peso as Billions Flow Abroad

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To understand the currency crisis destabilizing the Argentine economy and threatening the administration of President Javier Milei, one need only cross the Andes mountains to reach the Chilean capital of Santiago. Outside a Courtyard by Marriott hotel, Carolyn Pérez recently observed scenes that reflect broader economic trends. Pérez recounts the experience of two Argentine couples … Read more

The US is planning a new declaration of support for Argentina in the 2012 YPF expropriation trial.

The US government’s motives for strongly supporting Argentina in the YPF case

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The Trump administration is formulating a statement supporting Argentina and opposing hedge funders’ purchase of 51% of YPF. Judge Loretta Preska in New York ordered the transfer of 51% of the flagship oil company’s shares (“turnover”) to hedge funds Burford Capital and Eton Park, which won the lawsuit for US$16.099 billion. Senior Trump administration officials … Read more

Javier Milei

Milei calls on Mercosur to enhance trade openness during summit

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President Javier Milei on Thursday called on his Mercosur partners to advocate for increased trade openness within the bloc while hosting his fellow leaders of the South American group in Buenos Aires. In a typically forceful opening speech, the La Libertad Avanza leader cautioned that his government would pursue that goal unilaterally if necessary, suggesting … Read more

Alec Oxenford

Businessman Alejandro ‘Alec’ Oxenford becomes Argentina’s US ambassador.

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This Wednesday, Argentina’s government formalised three significant appointments in the Official Gazette. Businessman Alejandro ‘Alec’ Oxenford presented his credentials to US President Donald Trump, thereby formally confirming his role as ambassador to the United States. Meanwhile, Foreign Minister Gerardo Werthein appointed a new ambassador to Germany. The appointment of diplomat Betina Pasquali de Fonseca as the new … Read more

Argentina has its lowest wholesale inflation since 2020.

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Argentina’s wholesale inflation has reached its lowest level since 2020. Wholesale prices experienced a decline in May, marking the first decrease since the peak of the pandemic. Argentine President Javier Milei achieved another economic milestone Tuesday as data revealed a decline in wholesale prices in May, marking the first decrease since the peak of the pandemic. … Read more