Argentina asserts its re-entry into global markets through the issuance of peso-denominated bonds. Argentina’s government will issue a five-year bond denominated in pesos aimed at international investors who are permitted to purchase it in US dollars, a move the government celebrated as its return to global markets following a sovereign restructuring during the pandemic. On Monday, … Read more
Argentines are well aware of their historical context, having indulged in spending sprees previously funded by the Central Bank, which consistently culminated in economic disaster: during the late 1970s, the 1990s, and the mid- to late 2000s. Milei faces the significant challenge of persuading them that the status quo will not persist. In the initial … Read more
Argentina’s government is implementing new deregulatory measures that will enable individuals to utilize US dollars held outside the banking system without the need to disclose the source of the funds — a form of ‘sub-blanqueo’ whitewash designed to enhance liquidity, supported by a low exchange rate that necessitates a continuous oversupply of foreign currency. In … Read more
Economy Minister Luis Caputo announces President Javier Milei’s government will withdraw the fiscal chapter of its sweeping ‘Omnibus bill’ reform package to ease its passage through Congress. President Javier Milei’s government is withdrawing key fiscal measures from its sweeping ‘Omnibus bill’ reform package after facing stiff political opposition, Economy Minister Luis Caputo announced late Friday. … Read more