In March, inflation in Argentina is once again nearing the three-percent threshold, as reported by prominent consultancy firms, indicating a lack of the desired deceleration sought by President Javier Milei’s administration. Private consultancy firms agree that the monthly rate is expected to stabilize around three percent, driven by rising costs in food, fuel, and utility … Read more
Argentina’s state-run energy firm YPF SA has decided to maintain petrol prices at the pump for a duration of 45 days, diverging from President Javier Milei’s free-market strategy, as the ongoing conflict in Iran exacerbates inflationary pressures. “We’re going to leave prices approximately constant for 45 days,” stated YPF Chief Executive Officer Horacio Marín. “If … Read more
Argentina sold US$150 million of a dollar-denominated bond on Friday to measure investor interest in financing the government beyond President Javier Milei’s first term. According to the Economy Ministry, the October 2028 local-law bond yielded 8.9%. The bond has a maximum approved size of US$2 billion but will be issued weekly in tranches of up … Read more
Argentina Week, an event in New York City orchestrated by the Argentine government to draw foreign investment, concluded on Friday following a week filled with discussions involving investors and business leaders. Economy Minister Luis Caputo described it as “wonderful. Everyone in attendance could see that the interest in investing in Argentina’s real economy is at … Read more
Argentina’s government has set ambitious goals to reduce country risk, yet these aspirations appear misaligned with the current reality, potentially leading to a missed opportunity for re-entering debt markets, according to investors. Javier Milei’s administration opted against issuing in January, considering it prohibitively expensive despite sovereign spreads reaching eight-year lows and growing anticipation. Currently, momentum … Read more
Economy Minister Luis Caputo announced on Thursday that the resumption of work on the Jorge Cepernic hydroelectric dam in Santa Cruz province is imminent. Caputo confirmed the news on his X account, stating that the construction “could be completed by 2030” and is expected to “contribute 1,860 GWh to the Argentine Interconnected System.” The project … Read more
The Argentine government has implemented modifications to the Large Investment Incentive Regime (RIGI, by its Spanish initials) that was approved in 2024, extending its duration and expanding benefits for the oil and gas sector. The RIGI provides tax, customs, legal, and foreign exchange advantages for investments that surpass US$200 million. It is accessible to both … Read more
At a clothing factory in Buenos Aires, numerous workers observe with concern as imported garments increase their market share while sewing machines remain unused – a vivid illustration of the challenges confronting Argentina’s textile sector in light of President Javier Milei’s trade liberalization initiatives. At Confecciones Seman SA, a manufacturer of suits and shirts, over … Read more
President Javier Milei’s administration achieved a significant legislative triumph in the Senate this week with the passage of his labour reform, a consistently contentious topic in the nation of Juan Domingo Perón. While the details surrounding the passage of the bill were quite intriguing, ultimately highlighted by the newly minted senator, former security minister Patricia … Read more
In January, Argentina’s inflation rate increased to 2.9%, as reported by the government’s statistics agency, INDEC. This release came one week following the resignation of the bureau’s head, which was prompted by a disagreement regarding the measurement methodology. Prices rose by 32.4% on an annual basis, with the food and non-alcoholic beverages sector experiencing the … Read more