Argentina acquired US$808 million in special drawing rights from the US Treasury to address its recent interest obligations to the International Monetary Fund, circumventing the use of a swap line that exists between the two nations, as reported. Unnamed government officials informed that the purchase constituted a routine balance-of-payments operation, rather than a new activation … Read more
Argentine e-commerce firm Mercado Libre has initiated a legal complaint against its Chinese rival, Temu. The filing, occurring in the context of the Asian platform’s expansion in the country as a result of import liberalization, represents the concluding phase of a commercial dispute that has persisted for several months. At this juncture, the decision rests … Read more
Argentine President Javier Milei this week ridiculed Paolo Rocca, one of the nation’s most affluent chief executive officers, by referring to him as Don Chatarrín (Mister Scrap Metal). The remark followed his company’s failure to secure a pipeline construction contract with an Indian firm, resulting in reported threats of an anti-dumping lawsuit and highlighting the … Read more
Ecuador’s notable re-entry into global credit markets is perceived as a positive sign among investors who are keenly anticipating Argentina’s eventual return after years of exclusion from international financing. Ecuador executed a sale of US$4 billion in bonds on Monday, marking its largest global offering to date and its inaugural sale following the debt restructuring … Read more
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