Javier Milei strode onto the stage in Santiago, flung up his arms, and gave a bow to an economist with a front-row seat: Rolf Lüders, one of the last of the original Chicago Boys. In 2019, four years prior to Milei’s election as President of Argentina, he began implementing his anarcho-capitalist approach to shock therapy … Read more
US Secretary of the Treasury Scott Bessent is preparing for a second visit to Argentina, as stated by President Javier Milei. Bessent, commending Milei’s “monumental midterm election victory” from the previous weekend. Furthermore, he urged for a robust and “enthusiastic” reaction from the markets to support Washington’s ally in the south. Milei, a firm advocate … Read more
The United States realized a gain from the acquisition of Argentine pesos. Banks having engaged in discussions with the US Treasury throughout October regarding a strategy to secure billions for Javier Milei, have not made progress this week. Scott Bessent conveyed a clear message to Argentine investors: Now it’s your turn. With Bessent’s mission accomplished … Read more
Argentine provinces and companies are preparing to access global markets in the coming weeks, as President Javier Milei’s victory in the midterm elections enhances optimism regarding the country. This development creates an opportunity for debt sales that could inject essential dollars into the nation’s foreign-exchange market. This week witnessed a surge in bond activity, spearheaded … Read more
Banks indicate that La Libertad Avanza’s success in the midterm elections presents a distinct opportunity for President Javier Milei’s Government to accelerate economic normalization, focus on acquiring international reserves, and adjust the exchange rate regime – or potentially liberalize it. Citibank, one of the entities through which the US Treasury purchased pesos to intervene in … Read more
All peso-dollar exchange rates experienced a rebound on Tuesday following a significant decline on Monday, as markets responded favorably to the decisive victory of Javier Milei’s party in the midterm elections. The wholesale exchange rate concluded at AR$1,470, reflecting a 2.4% rise compared to the prior day. This positions it 25 pesos beneath the upper … Read more
As President Donald Trump stated, the United States generated “a lot of money” through its bailout of Argentina. Despite the rally in that country’s markets following President Javier Milei’s unexpectedly significant win in the recent legislative elections, the situation appeared rather subdued. By the end of trading on Monday, it was estimated that the US … Read more
Argentina’s dollar bonds experienced a significant increase on Monday following President Javier Milei’s impressive performance in legislative elections, surpassing even the most optimistic predictions and alleviating investor worries that his economic reform agenda for the troubled nation might face obstacles. The nation’s debt experienced a significant increase across the curve in early trading, with dollar … Read more
Argentine assets are poised for a significant rally following President Javier Milei’s impressive performance in the legislative elections, surpassing even the most optimistic predictions and alleviating investor fears that his ambitious economic overhaul of the crisis-ridden nation might falter. As over 90 percent of ballots have been tallied, Milei’s party has secured 41 percent of … Read more
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