The International Monetary Fund has expressed support for Javier Milei’s economic strategy while also challenging the government’s claims regarding the fiscal surplus. The IMF has emphasised the need for tax reform and a more accelerated approach to reserve accumulation in anticipation of the upcoming presidential elections next year. The IMF’s Executive Board concluded the second … Read more
The future of Argentina’s economy is situated beneath the surface, at depths exceeding 3,000 metres (9,843 feet) in the Andes, as stated by President Javier Milei. In this strikingly beautiful landscape characterised by snowy peaks, glaciers, and mountains marked by oxidised minerals, excavators are systematically extracting substantial portions of the Andes in pursuit of copper … Read more
President Javier Milei announced a forthcoming reduction in export duties on wheat and barley, effective next month, and on soy, commencing in January, during a speech to rural business leaders in Buenos Aires on Thursday. The measure represents yet another gesture from the La Libertad Avanza leader towards the influential agricultural sector, which constituted over … Read more
Economic activity surged in March, reaching a new all-time high with a remarkable growth of 3.5% compared to the previous month and an impressive 5.5% year-on-year. This growth was primarily driven by robust performances in agriculture, industry, and mining. According to the statistics institute INDEC’s Monthly Economic Activity Estimator, it was the largest monthly increase … Read more
US Secretary of State Marco Rubio has been alerted by the chairman of the House Foreign Affairs Committee regarding a tender initiated by President Javier Milei in Argentina. This tender aims to enhance a crucial waterway, but there are concerns that it may be awarded to a consortium purportedly linked to China. US Representative Brian … Read more
A significant increase in household delinquencies is unsettling Argentina’s banking and fintech sectors, posing yet another obstacle to President Javier Milei’s bold economic reform agenda. The proportion of households unable to meet their debt obligations surged to a 15-year peak of 11.5 percent of total loans in March, up from 2.6 percent at the close … Read more
YPF SA, the government-owned energy firm in Argentina, has announced a project with a valuation of US$25 billion intended to enhance oil output. This initiative signifies the largest allocation of resources since President Javier Milei took office. YPF’s Chief Executive Officer, Horacio Marin, has indicated that the company has put forth its proposal to the … Read more
Argentina occupies the ninth position in the list of the 10 most challenging countries for conducting business, hindered by the regulatory and tax obstacles that foreign firms encounter while operating within its borders, as reported by TMF Group’s global index. Nonetheless, the report identified potential for a reversal in the medium term, supported by enhanced … Read more
An International Monetary Fund Executive Board meeting and the necessary “board approval” next week will facilitate a US$1 billion disbursement to Argentina, as stated by IMF spokesperson Julie Kozack during a press conference on Thursday in Washington, D.C. While a specific date was not provided, estimates suggest that the transfer may occur next Wednesday. Argentina … Read more
In pursuit of its objective to uphold the fiscal surplus, Javier Milei’s administration is set to introduce a substantial rise in fares for nationally regulated trains and buses beginning in May, with total increases reaching as high as 90% in the ensuing months. Government officials articulated their objective to transition towards a “more organized, efficient, … Read more