President Javier Milei has officially enacted a “fiscal innocence” bill, designed to incentivize individuals to deposit dollars hidden under mattresses or held in offshore accounts by offering a measure of tax evasion amnesty. In the context of prolonged high inflation and stringent currency controls, Argentines have increasingly opted to exchange their pesos for dollars, frequently … Read more
The government of Argentina has declared its intention to close the ANDIS national disability agency, which has been at the center of corruption allegations linked to President Javier Milei’s sister. The agency’s functions will be integrated into the Health Ministry, ensuring that there will be no reductions in the benefits currently extended to over three … Read more
Argentina stands out as one of the rare democratic nations where the government, after several years in office, continues to maintain substantial public backing. It is also a scenario in which one might reasonably anticipate that the future could significantly surpass both the present and the recent past. Absent the prevailing optimism that, in due … Read more
Following years of financial turmoil, Argentines typically prefer to store their money in various unconventional locations rather than in banks – whether it be beneath the couch, buried in the backyard, or secured in fortified bunkers. One former politician notably concealed funds at his nearby convent. The nuns provided assistance. President Javier Milei successfully persuaded … Read more
Argentina appears to be shifting from a prolonged resistance to mining and other activities viewed as detrimental to the environment, towards a strategy that prioritizes the pressing need for economic development and growth. Three significant legislative proposals that have captured public discourse in recent weeks indicate this remarkable change in perspectives. On Monday, President Javier … Read more
Mendoza conveyed a clear message to both foreign and domestic investors monitoring the Argentine mining sector on Tuesday afternoon by instituting legal protections for the San Jorge Copper Project (formally known as PSJ Cobre Mendocino). The provincial Senate sanctioned the project, recording 29 votes in favor, 6 opposed, and 1 abstention. The ruling creates a … Read more
Anchorage Capital Advisors LP has established an uncommon fund whose returns are contingent upon the resolution of a lengthy and contentious legal battle associated with the nationalization of Argentina’s largest oil enterprise. The fund, classified as a continuation vehicle, possesses a singular asset: a loan secured by a legal claim originating from the nationalisation of … Read more
President Javier Milei received the new United States ambassador in Buenos Aires, Peter Lamelas, at the Casa Rosada on Monday, engaging in brief private discussions. Lamelas, 66, formally presented his diplomatic credentials to the President, a day after officially commencing his mission in Argentina. The Cuban-born US diplomat made an appearance at Government House shortly … Read more
Risks don’t disappear just because you ignore them. They only become more dangerous. – Nassim Nicholas Taleb At its core, economic policy represents the strategic management of risk. Every programme faces inherent tensions, and each stabilisation plan necessitates a set of decisions that favor specific objectives while sacrificing others. Every government determines the risks it … Read more
RIGI: Seven projects have been approved for RIGI, totaling over US$13 billion from local and foreign capital. Three operate in the energy sector, two are engaged in lithium mining, and one is part of the steel industry. 1. Projects that have received approval – Southern Energy, a collaboration involving Pan American Energy (PAE), YPF, Pampa … Read more