A “dollarized” Argentina is doing well and a “pesofied” Argentina is struggling. Once the enthusiasm about inflation reduction subsides, Argentines will measure the Javier Milei administration depending on where in the social food chain they land. This will be measured by a simple variable: their standards of living vis-à-vis the past and their fellow countrymen. While it … Read more
Francisco González Galé was pleasantly surprised by the sense of belonging he experienced while fulfilling his children’s desires earlier this year with a trip to Walt Disney World in Orlando, having traveled from Buenos Aires. The 46-year-old Argentine lawyer previously traveled to the US once every few years; however, he has already made two trips … Read more
IMF gives President Javier Milei’s government grace on a crucial benchmark target, allowing it to continue its US$20-billion lending package. The International Monetary Fund has provided Argentina with some leeway regarding a critical benchmark, following the country’s failure to meet the target this month. Argentina must now increase its net hard-currency reserves to a negative US$2.6 … Read more