News of luis

ELECTIONS 2025

Argentines cast ballots in make-or-break midterm for Milei

Yesterday 15:14 Argentina is voting Sunday in a midterm election that will serve as a crucial referendum on President Javier Milei’s ambitious austerity policies.

US BAILOUT OF ARGENTINA

Bessent’s intervention in Argentine peso soars past US$1 billion

25-10-2025 16:10 The US spent an amount well in excess of US$1 billion this month acquiring Argentine pesos, according to market estimates.

COST OF POWER

Milei spent around US$7.4bn protecting dollar pre-election

25-10-2025 16:03 Sunday’s legislative elections come at a historic cost: President Milei’s government has used around US$7.4 billion – a figure that could rise to US$8.4 billion, including funds from US Treasury are included – to keep the peso-dollar exchange rate stable over the two months leading up to the vote. According to Banco Provincia, it is the fourth-largest foreign exchange intervention since 2003.

by Carlos Burgueño

NEW FOREIGN MINISTER

From crisis to relaunch: Quirno’s in-tray at Foreign Ministry

25-10-2025 10:03 Beyond economic matters, Pablo Quirno’s Foreign Ministry will focus on promoting abroad the core elements of Milei’s “cultural battle,” a push launched the moment the head of state took office.

by Juan Pablo Kavanagh

ELECTIONS 2025: ANALYSIS

Milei, the two Caputos and the two anchors

25-10-2025 06:08 Milei and the two Caputos have the path laid out for them. The “two anchors” that will give them a future are tied to applying the necessary adaptations to the economic policy plan and creating the conditions for circumstantial legislative majorities. This situation appears possible under any electoral scenario, even a potent Peronist victory.

by Agustino Fontevecchia

Cabinet changes

Milei names finance secretary Pablo Quirno as Argentina’s new foreign minister

23-10-2025 14:49 President Milei’s reshuffle gets underway early; Finance secretary and former JP Morgan executive Pablo Quirno, a close ally of Economy Minister Luis Caputo, named Argentina’s top diplomat following resignation of Gerardo Werthein.

POLITICS: MIDTERMS 2025

Caputo: Midterms are 'more important than 2027 presidential vote'

22-10-2025 23:44 Economy Minister Luis Caputo says current exchange rate regime “will remain exactly the same” in an attempt to dispel fears of an imminent post-election peso devaluation.

Funds and bonds

Bessent steps in to protect profits of friendly investors in Argentina

22-10-2025 17:03 US Treasury Secretary Scott Bessent comes to the rescue of hedge funds including BlackRock, Fidelity, Pimco and Discovery Capital Management, all of which bought Argentine bonds. Several fund managers share a professional past with the US official.

POLITICS

Cabinet reshuffle: Who will head Milei’s ministries going forward?

22-10-2025 15:05 One by one, the post-election changes President Milei is preparing for his Cabinet; Among the names being discussed are Santiago Caputo, Patricia Bullrich, Luis Petri, Guillermo Francos and more.

by Alejandro Gomel

CURRENCY TURBULENCE

Peso breaks losing streak amid FX intervention

22-10-2025 13:11 Argentina's peso strengthened, snapping a five-day losing streak amid continued market intervention by both the local and US governments.

US-ARGENTINA BAILOUT

Bessent’s plan runs short on time to line up Argentina financing

21-10-2025 21:33 US Treasury has been floating a US$20-billion financing deal involving banks, but key details such as the debt’s terms, structure and collateral remain unaddressed.

POLITICS

Milei to reshuffle Cabinet post midterm election, says report

21-10-2025 08:38 President Milei is expected to reshuffle his cabinet after Sunday's midterm elections, 'Clarín' reported Monday.

BOLIVIAN ELECTION 2025

Rodrigo Paz wins run-off as Bolivia formalises shift to right

19-10-2025 21:45 Pro-business Senator Rodrigo Paz wins Bolivia's presidential run-off with 55% of vote, defeating rival Jorge 'Tuto' Quiroga; Two decades of socialist rule, propelled by Evo Morales, comes to an end.

ANALYSIS

On raucous outsiders and statesmen

18-10-2025 06:47 The Milei administration has shown time and time again they lack the capacity to build sustainable political alliances and that stubbornness on the economic front has led to the repetition of mistakes from the recent past. The President has shown that when political momentum is on his side, he abuses good fortune to castigate political opponents and preach cultural war.

by Agustino Fontevecchia

ANALYSING ARGENTINA

Yankees come home

18-10-2025 06:26 Exactly 20 years ago next month, Washington silently retreated from the region. Now it’s coming back, in full swing.

by Marcelo J. García

INTERVIEW

Diego Santilli: ‘President Milei has to win, even if by one vote’

18-10-2025 06:07 National deputy, who won the 2021 midterms against a united Peronism front, tops the slate of the new La Libertad Avanza alliance that is aligned with PRO. In an interview, he gives his view of the José Luis Espert case, vindicates President Javier Milei and pleads with citizens in Buenos Aires Province “to turn out to vote.”

CURRENCY WOES

Peso drops against dollar amid fresh US backing

17-10-2025 18:42 Argentina's peso has been fluctuating wildly ahead of next week's midterm elections next week, disrupting the savings and spending plans of locals who fear an imminent devaluation.

BILATERAL TRADE TALKS

‘Very soon’ – Argentina’s ambassador to Washington on US trade deal

16-10-2025 15:12 Alec Oxenford confirms trade agreement between Argentina and the United States; Milei’s envoy says “significant” accord is “culmination of months of intense diplomatic effort” and could be announced “very soon.”

POLITICS & ECONOMY

US$20bn currency swap could be agreed before midterms, says Bausili

16-10-2025 01:31 Economy Minister Luis Caputo and Central Bank chief Santiago Bausili say landmark currency swap deal with Trump administration could be sealed before the October 26 midterms

by Santiago del Carril

POLITICS & GOVERNMENT

Milei's team draws up plans for post-election Cabinet reshuffle

16-10-2025 00:39 President Javier Milei will reshuffle his Cabinet after the October 26 national elections, with a number of key figures set to take on legislative posts. Potential PRO additions and the balance of power are under review.

MARKETS

Argentine assets swing on reports Bessent lining up more aid

15-10-2025 22:19 Markets react to news that US Treasury Secretary Scott Bessent is working on an additional US$20-billion facility from the private sector that would complement a currency swap line of similar size.

FINANCIAL ASSISTANCE

Bessent: US working on new US$20-billion private-sector 'facility' for Argentina

15-10-2025 14:48 US Treasury Secretary Scott Bessent says he is working with private sector on another US$20-billion "facility" to support Argentina, bringing Washington's total promised assistance to US$40 billion.

ELECTIONS 2025

Santilli, Milei’s last-minute substitute, tries to clear ballot confusion

15-10-2025 14:23 Santilli, a lifetime politician who also once ran on a Peronist ticket, blames “political dinosaurs” for not letting the party put his face on a new ballot.

Run-off in Bolivia

After 20 years of socialism, Bolivia set for change with right-wing run-off

15-10-2025 11:08 Ex-president Jorge "Tuto" Quiroga and Senator Rodrigo Paz will go head-to-head in Bolivia's presidential run-off Sunday, with either hopeful likely to shift the nation's politics significantly to the right.

POLITICS & ECONOMY

Trump says ‘we’re gone’ if Milei loses vote, rattling market

14-10-2025 22:17 Donald Trump suggests US$20-billion lifeline for Argentina could be contingent on Javier Milei’s success in midterm elections, sending fresh jitters through currency market.

MONETARY POLICY

Milei team sends mixed FX policy signals ahead of Trump meeting

14-10-2025 15:24 Since April, Argentina has let the peso float within a range as part of its agreement with the International Monetary Fund. However, authorities have intervened multiple times within the range.

US-ARGENTINA RELATIONS

Milei at White House: Trump says US help is dependent on win in midterms

14-10-2025 15:21 Argentina's president makes long-desired visit to White House, but US President Trump says Washington's help is dependent on who wins elections.

POLITICS & ECONOMY

Great expectations as Milei jets to Washington for Trump meeting

13-10-2025 22:39 President Javier Milei travels to Washington to meet Donald Trump with markets anticipating announcements and progress towards a trade deal.

US-ARGENTINA RELATIONS

Milei heads to White House for political, economic lifeline

13-10-2025 17:17 Argentina's president is banking on a high-profile show of political and economic support from his US ally President Donald Trump ahead of key midterm elections.

US-ARGENTINA SUPPORT

Caputo says US willing to keep buying pesos

13-10-2025 15:07 United States “is willing to continue buying pesos and bonds, and all options are on the table,” says Economy Minister Luis Caputo.

POLITICS & ECONOMY

US lifeline buys Argentina time as investors urge overhaul

13-10-2025 14:58 US$20-billion lifeline will keep Javier Milei from being engulfed by a currency crisis in the run-up to key mid-term elections. The outlook after the vote is less clear.

ELECTIONS 2025

Electoral court rules Santilli will head LLA list in Buenos Aires Province

11-10-2025 17:57 Argentina’s National Electoral Chamber overturns federal judge’s previous decision and rules PRO deputy Diego Santilli should top La Libertad Avanza’s list in Buenos Aires Province following José Luis Espert’s resignation amid scandal.

POLITICS & CORRUPTION

Espert for President!

11-10-2025 06:00 José Luis Espert’s fall from grace was dramatic, portentous. In just a few weeks, he went from one of the pillars of Javier Milei’s government to a political outcast.

by Agustino Fontevecchia

ANALYSIS

Bessent’s big gamble on Argentina has a narrow road to pay off

10-10-2025 10:01 For Scott Bessent’s US$20-billion bet on Argentina to pay off, a lot of things have to go right.

POLLING & SURVEYS

Trump lifeline does little to boost Milei with voters in Argentina

10-10-2025 09:47 Trump’s financial assistance for Argentina may be enough to shore up local markets, but it’s doing little to boost President Milei’s standing with voters.

WASHINGTON'S RESCUE PACKAGE

United States buys pesos, confirms US$20-billion lifeline for Milei

09-10-2025 18:26 Washington steps in to save Milei with direct purchase of pesos and a US$20-billion currency swap; US Treasury Secretary Scott Bessent ready to take “exceptional” measures to stabilise Argentina’s economy in the face of "acute illiquidity.”

ESPERT-MACHADO SCANDAL

US report on Machado funds poses uncomfortable questions for Bullrich

09-10-2025 01:05 US government report by Homeland Security indicates that Machado had already been linked to drug-trafficking and money-laundering in 2021.

INTERNATIONAL MONETARY FUND

IMF chief: Public support is crucial for Milei’s reform push

08-10-2025 18:07 With a US$20-billion swap with the United States reportedly under discussion, IMF reinforces that Milei government's reforms will falter without popular support.

POLITICS & CORRUPTION

Scandal-hit lawmaker Espert seeks leave of absence from lower house

08-10-2025 14:31 La Libertad Avanza national deputy, now facing money-laundering probe over links to suspected drug-trafficker and fraudster, requests leave of absence until December 8 – two days before his term in office ends.

POLITICS & CORRUPTION

Espert and Machado’s murky history

08-10-2025 12:27 How the government’s main candidate in Buenos Aires Province became tainted by campaign contributions of dubious origin.

by Rodis Recalt

POLITICS

Reichardt to top LLA-PBA list as judge rejects imposition of Santilli

08-10-2025 10:44 Judge Alejo Ramos Padilla accepts José Luis Espert’s resignation as a candidate but not the swapping of names on the ruling party’s slate; Model and actor Karen Reichardt will top the La Libertad Avanza list in Buenos Aires Province.

POLITICS & COURTS

Argentina to extradite alleged drug-trafficker Machado to US

07-10-2025 22:01 Milei government confirms that it will heed Supreme Court ruling and implement extradition as part of its commitment to international cooperation against organised crime.

POLITICS & COURTS

Machado breaks silence, admits to funding Espert’s campaign

07-10-2025 16:26 Federico ‘Fred’ Machado, who faces charges of money-laundering and drug-trafficking in the United States, admits he financially contributed to La Libertad Avanza national deputy José Luis Espert’s 2019 presidential campaign.

ELECTIONS 2025

Milei chooses ‘corrupt TikTok candidate’ to replace Espert

06-10-2025 22:48 José Luis Espert’s resignation promotes ex-PRO deputy Diego Santilli to the top La Libertad Avanza candidate in Buenos Aires Province – but President Javier Milei hasn’t always been a fan…

US-ARGENTINA RELATIONS

Bessent hosts Caputo as Argentina-US rescue talks begin

06-10-2025 22:41 US Treasury official highlights “productive” talks as negotiations over fresh funds for Milei government continue; Argentina’s economy minister also meets IMF chief Kristalina Georgieva.

POLITICS

Rebellion in Milei’s inner circle forced Espert’s exit

06-10-2025 17:34 Milei’s entourage was unanimous and left the President with no choice. Why he clung to his candidate until the last moment – and what “the Professor” knows.

by Franco Lindner

Election 2025: Politics

Espert resigns candidacy over links to alleged drug-trafficker

05-10-2025 23:23 President Javier Milei suffers another damaging blow weeks before midterm elections; Amid growing scandal, José Luis Espert – ruling party’s top candidate in October vote – resigns his candidacy.