Despite Argentina’s assertions to the contrary, the bailout from the United States government seems to be contingent upon certain conditions: they are seeking to eliminate China’s presence in Argentina. However, given Argentina’s substantial annual exports to China and the potential for significant infrastructure projects, one must consider whether President Javier Milei would genuinely sever these … Read more
The administration of US President Donald Trump has expressed its backing for Argentina’s President Javier Milei, aiming to enhance his prospects in the upcoming midterm elections – the onus now rests on him to secure victory. Milei, 54, is approaching the final stretch of the campaign trail, buoyed by favorable winds from Washington, even as … Read more
US President Donald Trump indicated that the US$20-billion support package the United States is considering for Argentina may depend on the performance of libertarian leader Javier Milei in the upcoming midterm elections, which has introduced new uncertainties in the currency market. “If he wins we’re staying with him, and if he doesn’t win we’re gone,” … Read more
President Javier Milei is set to visit the White House on Tuesday, seeking a prominent display of political and economic backing from his US counterpart, President Donald Trump, in anticipation of crucial midterm elections. As Argentina grapples with the prospect of yet another financial crisis and Milei’s disapproval ratings continue to climb, the libertarian figure … Read more
A multimillion-dollar investment in Artificial Intelligence in Patagonia and the launch of the Stargate Argentina project have been touted as a historic milestone. However, given the current charged electoral and geopolitical context, it is essential to consider not only the promises being made but also the beneficiaries, the underlying objectives, and the regulatory framework governing … Read more
The United States swiftly moved to stabilize Argentina’s economy on Thursday, providing US$20 billion in financing and executing an uncommon intervention in currency markets to support the peso following weeks of significant declines. Washington has finalized a US$20-billion currency swap framework with Argentina’s Central Bank, as stated by Treasury Secretary Scott Bessent in a social … Read more
The leader of the International Monetary Fund provided a renewed endorsement for Argentina on Friday, aligning with the Trump administration’s initiatives to bolster President Javier Milei ahead of the country’s midterm elections scheduled for later this month. IMF Managing Director Kristalina Georgieva indicated that she had discussions with US Treasury Secretary Scott Bessent regarding “extensive … Read more
United States Treasury Secretary Scott Bessent stated in an interview that the United States intends to provide Argentina with a currency swap, but will not inject funds into the country. During an interview, he stated: “As far as what the US is doing, just to be clear, we are giving them a swap line, we … Read more
A New York appeals court has granted Argentina’s request to halt the transfer of 51 percent of YPF shares as it considers appeals related to the ruling mandating the country to compensate two companies with US$16.1 billion due to the oil firm’s nationalization in 2012. Argentina will consequently retain its YPF shares during the ongoing … Read more
Former US Treasury secretary Lawrence Summers cautioned that US President Donald Trump’s policies could lead the US down a trajectory akin to that of post-war Argentina, which transitioned from a relatively advanced developed nation to an economic underperformer. “Argentina went completely off track because of decisions made in a few years by an elected — … Read more