Following the unprecedented reading in March, private analysts anticipate a contraction this month, driven by declining industrial output, subdued consumption, and a sluggish soybean harvest that is expected to hinder overall activity. Even as Javier Milei’s government emphasised March’s significant increase in economic activity — an all-time high — most private indicators concur that the … Read more
Argentine provinces are accessing global bond markets at the quickest rate in almost ten years, while the federal government remains focused on short-term debt in the domestic market due to investor concerns regarding the upcoming 2027 elections. Chubut, Cordoba, and other provinces, together with Buenos Aires City, have collectively issued bonds amounting to US$2.3 billion … Read more
A wave of dollars flowing into Argentina is providing President Javier Milei with the opportunity to allow the peso to trade more freely, as the Central Bank’s previously depleted foreign reserves have reached their highest level since 2019. Despite Milei’s affinity for free markets, he has maintained strict control over the currency since assuming office, … Read more
The South American bloc Mercosur — comprised of Argentina, Brazil, Uruguay, and Paraguay — is currently experiencing an unparalleled expansion in trade opportunities. Paradoxically, this outcome is largely attributable to the cooperation between Javier Milei and Luiz Inácio Lula da Silva, two administrations positioned at opposing ends of the ideological spectrum. Throughout much of its … Read more
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