Leaked audio recordings link Karina Milei and other top officials to illicit disabilities pharmaceutical purchases, sparking a corruption scandal. Public outrage is escalating as an investigation probes into allegations that President Javier Milei’s sister, Karina Milei, received substantial cash kickbacks from pharmaceutical sales to Argentina’s disability services agency. The corruption scandal has gained significant attention … Read more
“If the reforms are questioned for being pushed by a government accused of corruption, they will never be long-term,” concludes one of Argentina’s top businessmen. The apprehension regarding the potential collapse of extensive initiatives, which may be influenced by the “early denunciations” of corruption within the upper echelons of President Javier Milei’s national administration, is … Read more
President Javier Milei is intensifying his defense of Argentina’s currency in anticipation of another substantial local debt auction, exacerbating the strain on the banking system and the wider economy as he combats inflation. The government is conducting an auction on Wednesday for peso notes and dollar-linked securities, marking the second such event in a fortnight. … Read more
According to a recent report by Torcuato Di Tella University, public trust in the government fell by nearly 14% in August compared to July. This marks the lowest point since President Milei assumed office. The Government Trust Index survey was conducted in the first two weeks of August, with its release following a week after … Read more
Argentine authorities audit investor behavior in repo loans, short-term financial securities with record-high interest rates due to bank liquidity shortages. The Central Bank and local regulator CNV have sought assistance in analyzing the real-time data they receive daily from the country’s two primary exchanges, BYMA and A3, regarding the short-term instruments referred to locally as … Read more
In response to the bribery allegations involving a close associate, President Javier Milei’s senior officials are taking measures to mitigate the repercussions, which are impacting Argentina’s dollar bonds. This situation is exacerbated by a liquidity crisis that has led to a significant increase in interest rates. Argentina’s dollar bonds are being weighed down by bribery … Read more
Amidst a tumultuous week marked by political, economic, and financial challenges in Argentina, President Javier Milei is now confronted with a new corruption scandal involving a senior government official. Milei dismissed Diego Spagnuolo, the director of Argentina’s ANDIS disability agency, on Wednesday following the release of leaked audio messages by local media. These messages reportedly … Read more
A sharp rise in borrowing costs comes as the government prepares for a peso debt auction Wednesday to roll over US$17.4 billion in maturities, or a third of the economy’s money. On Monday, yields on the Argentine government’s short-term notes reached unprecedented levels, occurring merely two days prior to an auction by the Treasury that … Read more
President threats budget offenders with jail, accuses adversaries of “genocide” and suggests court fight over laws passed after congressional defeats. Javier Milei conducted his seventh nationwide broadcast since assuming office on Friday, utilizing the opportunity to rationalize a series of vetoes that were published in the Official Gazette earlier in the week under Decree 534/25. … Read more
In June, there was a notable increase in monthly dollar purchases, coinciding with the upcoming national legislative elections in Argentina scheduled for October 26. A recent report from the Central Bank reveals that one million individuals chose to purchase United States currency last month, amounting to a total of US$2.4 billion. This marks an increase … Read more