Pablo Quirno has assumed leadership of the Foreign Ministry, succeeding Gerardo Werthein. The former finance secretary, now Argentina’s chief diplomat, is confronted with two significant challenges: firstly, to protect Argentina’s ties with the United States and to negotiate exceptional tariff and trade agreements that extend beyond the current discussions; secondly, to vigorously advocate for the … Read more
Economy Minister Luis Caputo announced that the government is undertaking labor and tax reforms, alongside benefits designed to encourage businesses to conserve their resources in pesos. While lacking specific details or a timeline for implementation, he indicated that these actions will constitute the “second stage” of President Javier Milei’s administration. “We clearly need a more … Read more
President Javier Milei’s senior economic officials indicated on Wednesday their expectation that Argentina’s US$20-billion currency swap with the United States will be concluded within a fortnight. During an event in Washington, Economy Minister Luis Caputo and Central Bank Governor Santiago Bausili expressed optimism regarding Argentina’s economic prospects, emphasizing the robust support the country has garnered … Read more
President Javier Milei is set to visit the White House on Tuesday, seeking a prominent display of political and economic backing from his US counterpart, President Donald Trump, in anticipation of crucial midterm elections. As Argentina grapples with the prospect of yet another financial crisis and Milei’s disapproval ratings continue to climb, the libertarian figure … Read more
Economy Minister Luis Caputo stated that dollarization in Argentina is “off the table” after the announcement that the United States would provide the country with a currency swap line and directly intervene in the local forex market by purchasing pesos. “Dollarization could be an alternative, but for now it is off the table,” Caputo stated … Read more
The United States swiftly moved to stabilize Argentina’s economy on Thursday, providing US$20 billion in financing and executing an uncommon intervention in currency markets to support the peso following weeks of significant declines. Washington has finalized a US$20-billion currency swap framework with Argentina’s Central Bank, as stated by Treasury Secretary Scott Bessent in a social … Read more
U.S. Treasury Secretary Scott Bessent has declared that the United States acquired pesos in the Argentine market today as part of ongoing negotiations in Washington aimed at supporting President Javier Milei’s administration. Finance specialists remarked that this type of direct intervention in the local forex market by the U.S. was “unheard of.” Bessent stated “Today … Read more
The managing director of the International Monetary Fund, Kristalina Georgieva, stated that the success of Argentina’s program is contingent upon popular support. “Argentina is implementing a significant adjustment program,” Georgieva stated on Wednesday at the 2025 Annual Meetings held at the Milken Institute in Washington, DC. “The success is going to be based on carrying … Read more
The government of Argentina engaged in the sale of dollars on the foreign exchange market on Monday for the fifth consecutive session. This action was taken in an effort to alleviate the depreciation of the peso. It is likely that the Central Bank acts as the financial middleman for the Treasury in the domestic currency … Read more
The leader of the International Monetary Fund provided a renewed endorsement for Argentina on Friday, aligning with the Trump administration’s initiatives to bolster President Javier Milei ahead of the country’s midterm elections scheduled for later this month. IMF Managing Director Kristalina Georgieva indicated that she had discussions with US Treasury Secretary Scott Bessent regarding “extensive … Read more