Government expenditure at 10-year high

Corporate defaults peak since 2020

Javier Milei’s reforms have introduced a degree of stability to Argentina’s previously tumultuous foreign exchange market, garnering commendations from investors. However, the overhaul is simultaneously driving the most significant wave of corporate defaults observed since the pandemic. Local borrowing costs are experiencing a significant increase, particularly impacting companies that rely heavily on the peso. Many … Read more

Javier Milei

Milei blocks pension increases for fiscal balance

President Javier Milei on Monday exercised his veto power against a law sanctioned by Congress aimed at enhancing pensions for the elderly and disabled, contending that it would compromise his efforts to achieve fiscal equilibrium in Argentina. It marks the second occasion since August 2024 that Milei, who identifies as a “anarcho-capitalist,” has obstructed a … Read more