Economy Minister Luis Caputo has confidently asserted that Argentina will achieve “zero inflation” under President Javier Milei’s administration. Speaking on Sunday, Caputo argued that the key difference between the Milei administration and its predecessors in office is that the current government is “addressing the root cause” of Argentina’s problems, namely that “the country was spending … Read more
The Argentine minimum wage has served as a historic benchmark for salary negotiations within both the formal and informal sectors of the economy. That benchmark, however, has undergone significant alterations since President Javier Milei assumed office in December 2023. Since then, the SMVM has undergone a consistent decrease in purchasing power and is presently at … Read more
Argentina’s economy contracted for a second consecutive month in May, highlighting a pattern of inconsistent growth as President Javier Milei’s term progresses beyond the halfway mark. Economic activity declined by 0.5 percent from April, falling short of the 0.2 percent increase projected by analysts, as reported by government data released on Wednesday. From a year … Read more
Elon Musk and Javier Milei met in February of 2025. More than a year later, the President remarked, somewhat humorously, that he had requested the businessman to present him with a Tesla, but that Musk had overlooked the appeal. Perhaps next spring, Argentina’s head of state will witness some of those luxurious, innovative cars traversing … Read more
Argentina’s Neuquén Province is set to present to foreign investors in New York its inaugural international bond issuance in almost ten years, as the local government capitalises on the benefits of a shale oil boom, according to two individuals with direct knowledge of the situation. Provincial officials are set to embark on an investor roadshow … Read more
What commenced as a robust week for Argentine assets on Wall Street experienced a decline in momentum during the final two trading sessions. Most Argentine companies listed in New York experienced declines on Friday, with notable drops in Mercado Libre (-2.35%), Telecom Argentina (-1.43%), and Cresud SACIF (-1.38%). Meanwhile, the country risk index compiled by … Read more
Argentina’s June inflation fell to 1.9%, according to a study released on Tuesday by the National Institute of Statistics and Censuses. This figure represents the third consecutive decline, following April’s 2.6% and May’s 2.1%. Furthermore, this marks the first occasion in ten months that the inflation rate has dipped below the 2% threshold. It represents … Read more
Javier Milei’s administration anticipates that energy, mining, and agriculture will continue to serve as the primary drivers of the economy. Additionally, it is placing its hopes on a renewed expansion of credit to produce the long-anticipated spillover effect and stimulate economic recovery. While not explicitly articulated, the economic team aspires to emulate the consumer lending … Read more
President Javier Milei ardently advocated for his administration’s economic direction, called for a comprehensive overhaul of the Central Bank charter, and expressed his anticipations for Argentina’s forthcoming World Cup quarter-final clash with Switzerland on Saturday. In a radio interview with Now 97.9 FM, Milei asserted that his policies have driven economic growth, claiming that consumption … Read more
The International Monetary Fund has expressed approval of the Argentine government’s proposed reform of the Central Bank, which is intended to enhance its independence, according to the institution’s spokeswoman, Julie Kozack, on Thursday. The reform of the Central Bank’s charter is an integral component of the extensive financial reform agenda recently introduced by President Javier … Read more