NEW IMF PROGRAMME Milei nears US$20-billion Argentina loan as IMF staff sign off Yesterday 08:49 Members of the Washington-based lender’s executive board are expected to vote on the agreement Friday.
IMF PROGRAMME IMF met again on Argentina as upfront payment proves contentious 04-04-2025 19:30 There is still no consensus among board members on the size of the upfront payment to Argentina, according to reports.
Foreign relations & diplomacy Milei looks for IMF support, trade deal from Trump 03-04-2025 19:27 President in Florida to receive award; Milei seeking crucial backing from United States for new IMF programme, days after 10% tariffs are introduced.
MULTILATERAL FUNDING World Bank promises ‘significant support’ for Milei's Argentina 02-04-2025 17:33 "Significant support" promised by Ajay Banga, head of the World Bank, as he meets with President Javier Milei at the Casa Rosada.
IMF PROGRAMME Caputo: Argentina wants a ‘high’ first disbursement from IMF 31-03-2025 14:04 Economy Minister revealed last week that Argentina is seeking around US$20 billion in fresh financing from the IMF, on top of its existing US$44-billion debt.
Editorial Into More Frenzy 29-03-2025 06:11 Perhaps today’s economic situation is best explained by saying: “It’s the elections, stupid.”
POLITICS – ANALYSIS Tales of the blue (dollar) 29-03-2025 06:11 Milei and Caputo have promised to lift the 'cepo' currency controls. It won’t signal the end of the 'blue,' but it should reduce its importance and the wild fluctuations that voraciously mint millionaires and, at the same speed, erase their fortunes. by Agustino Fontevecchia
IMF PROGRAMME Argentina seeks large portion of US$20-billion IMF deal up front 28-03-2025 12:00 The size of Argentina’s first disbursement has become the most important issue of negotiations at this stage, with President Milei's government seeking a large portion up front.
IMF DEBT PROGRAMME Argentina says its new IMF programme will total US$20 billion 27-03-2025 15:00 The economy minister added that funds combined from the IMF, World Bank, Inter-American Development Bank and regional bank CAF would put Argentina’s Central Bank reserves near US$50 billion.
NEW IMF DEAL Caputo says Argentina’s new IMF deal includes US$20 billion 27-03-2025 10:30 Economy Minister Luis Caputo says new IMF programme for Argentina will include US$20 billion in fresh funding. by James Grainger
ANALYSIS How many dollars does Luis Caputo need to reach the midterms? 27-03-2025 00:39 The market is spotlighting fresh funds. The blend could be a bargaining-chip for exchange rate intervention. Central Bank reserves back to levels of late 2023. by Eugenia Muzio
ANALYSIS: SHOCK THERAPY Traders bet on weaker peso as Milei’s IMF deal looms 26-03-2025 21:39 Investors see Argentina’s peso on the verge of devaluation again, but for Javier Milei, such a step could prove costly – especially ahead of midterm elections in October.
ANALYSING ARGENTINA Autumn is coming for Javier Milei 22-03-2025 07:41 Last week, we discussed how an electoral agreement with the governor of Chaco signalled a possible pattern. This week, Chaco Governor Leandro Zdero received a 120-billion-peso transfer from the federal government. Just don’t tell the IMF. by Marcelo J. García
POLITICS – ANALYSIS Political hegemony turning to pathetic circus 22-03-2025 07:14 Market jitters have pushed the government into a defensive posture, in which Economy Minister Luis ‘Toto’ Caputo appears to have involuntarily flamed the fans of devaluation. by Agustino Fontevecchia
IMF DEBT PROGRAMME IMF deal will be agreed by mid-April, says Milei 20-03-2025 18:27 Lower house backs presidential decree authorising new deal with International Monetary Fund.
IMF DEBT PROGRAMME Milei wins lower house approval to agree new IMF loan 19-03-2025 17:52 Milei granted free hand in negotiations with International Monetary Fund over a new programme as lower house backs decree authorising talks.
Congress & Politics Congress upholds Milei’s decree to back new IMF-Argentina deal 19-03-2025 17:44 Lower house lawmakers vote in favour of President Javier Milei’s emergency executive decree backing a new deal with the International Monetary Fund.
POLITICAL ANALYSIS Challenging Milei’s ‘iron triangle’ 08-03-2025 06:00 The Donald holds the keys to Milei’s future. by Agustino Fontevecchia
ANALYSING ARGENTINA Exit rigging, enter RIGI 08-03-2025 06:00 Argentina has, many times in its recent past, seen long-term sustainability ruined by short-term objectives. by Marcelo J. García
NEW IMF PROGRAMME ‘Devaluation not the solution,’ says Caputo on IMF deal 06-03-2025 22:27 End of April target set; Deal could include US$20 billion in funds, says Wall Street bank.
Foreign relations & diplomacy Caputo to skip G20 meeting in South Africa 24-02-2025 17:30 Argentina’s Luis Caputo is the latest economy minister to skip a meeting of G20 finance chiefs in South Africa.
IMF TALKS Caputo says talks over new IMF agreement entering final phase 18-02-2025 11:12 “We’re onto the final points, negotiating the amount and the terms on which we agree,” says economy minister.
POLITICS & ECONOMY – ANALYSIS Milei’s week of fury 15-02-2025 06:05 The market has doubts as to whether Milei and Caputo can sustain what is clearly a super strong peso, forcing them to come out publicly to defend their policy choices. The level of aggression with which they have defended their position suggests that the risks to their strategy are real. by Agustino Fontevecchia
ANALYSIS Argentina inflation hits lowest level since mid-2020 13-02-2025 16:41 Annual consumer price hikes dip below 100% for the first time in two years as Milei continues to tame inflation.
ECONOMIC INDICATORS Inflation slowed to 2.2% in January – lowest rate in four-and-a-half years 13-02-2025 16:06 Boost for President Javier Milei and Economy Minister Luis Caputo as inflation slows to 2.2%; Consumer prices have risen 84.5% over the past 12 months, according to government data.
NEW IMF DEAL ON WAY? IMF: ‘Constructive discussions’ ongoing with Argentina over new deal 06-02-2025 22:59 Markets move on rumours of new deal with the International Monetary Fund, which again praises “enormous progress” made by Milei administration.
Editorial Into More Funds? 01-02-2025 00:01 There seems to be a complacent assumption in many government circles that negotiations with the International Monetary Fund are a slam dunk now that Donald Trump occupies the White House.
Analysing Argentina Milei’s learning curve 25-01-2025 06:48 Milei’s learning curve should take note from his predecessors: too much orthodoxy or unorthodoxy leads to trouble. by Marcelo J. García
AGRICULTURE & ECONOMY Government temporarily reduces export duties in boost for farmers 23-01-2025 23:19 Economy Minister Luis Caputo confirms that Argentina will temporarily lower export duties.
International Monetary Fund Caputo returns to Argentina for talks with IMF team 23-01-2025 14:46 IMF Managing Director Georgieva meets President Javier Milei in Washington, highlights "tremendous progress" of Argentina’s economy. Technical team already in Buenos Aires, but Economy Minister Luis Caputo plays down talk of rapid removal of currency controls.
INTERNATIONAL MONETARY FUND IMF to send team to Argentina after ‘excellent’ Milei meeting 20-01-2025 09:21 IMF Managing Director Georgieva meets President Javier Milei in Washington and highlights "tremendous progress" of Argentina’s economy. An IMF team will travel to Buenos Aires next week to accelerate talks over a new programme.
ECONOMIC INDICATORS Argentina posts fiscal surplus after Milei’s budget cuts 17-01-2025 18:49 President Javier Milei made good on his promise to deliver a fiscal surplus in his first year, achieving a feat not seen in over a decade in Argentina’s deficit-prone economy.
CENTRAL BANK MANOUEVRES Argentina takes steps to dollarise and holds key rate 17-01-2025 11:49 Argentina’s Central Bank said payment intermediaries will have to enable debit card transactions in US currency by February 28, marking a key step in President Javier Milei’s pledge to dollarise the economy.
BONDS & MARKETS Milei celebrates as Argentina pays US$4.3B to bondholders 09-01-2025 13:07 "Debts must be paid," declares President Javier Milei as Treasury makes first due bond repayments of 2025, amounting to US$4.341 billion in principal and interest.
REPURCHASE AGREEMENT Milei scores win with US$1-billion repo from five top banks 05-01-2025 09:47 Milei administration announces US$1-billion repurchase agreement with five international lenders that will help replenish foreign reserves at its Central Bank.
ECONOMIC OUTLOOK Caputo already has the dollars he need to meet this year’s debt deadlines 03-01-2025 13:32 Argentina’s Treasury took advantage of the fiscal surplus to buy the necessary hard currency.
IMF NEGOTIATIONS OVER NEW DEAL IMF: Formal talks over new deal with Argentina have begun 19-12-2024 21:09 The International Monetary Fund and Argentina have formally begun negotiations over a new loan agreement as the current programme draws to a close.
ANALYSIS: SHOCK THERAPY Argentina takes steps to speed up Milei’s dollarisation strategy 19-12-2024 15:38 Argentina’s government is working with major banks and payment firms to advance Javier Milei’s dollarisation strategy.
NEW IMF PROGRAMME IMF in talks with Argentina on loan to succeed US$44-billion deal 19-12-2024 14:13 International Monetary Fund confirms it has formally opened talks with President Javier Milei's government over a new loan programme to replace its existing US$44-billion deal.
ECONOMIC POLICY Milei, Caputo increasing bullish as they outline new IMF deal timeline 19-12-2024 09:50 Argentina eyes fresh accord with the International Monetary Fund in the first third of next year, with President Milei confident of strong support, both at the Fund and on trade, from incoming US president Donald Trump.
BILATERAL SPAT Chile sends note of protest to Argentina after Caputo's criticism of Boric 19-12-2024 09:25 Chile has sent a note of protest to Argentina’s government after its economy minister Luis Caputo branded President Gabriel Boric a "communist" who will "sink" the nation.
MILEI AWAITS TRUMP IMF moves goal-posts for Argentina – no definitions until April 13-12-2024 15:25 The International Monetary Fund has presented Javier Milei with two conditions which must be met before any further remittance beyond the US$44.5 billion loaned to Mauricio Macri – obtain Congress endorsement for taking on new debt and making structural changes. by Carlos Burgueño
CAPITAL CONTROLS Trump adviser Laffer tells Argentina ‘get it done now’ on capital controls 03-12-2024 15:19 Arthur Laffer has a word of advice for Argentina: Scrap capital controls now.
ANALYSIS Milei hints at FX policy move after inflation slows below 3% 12-11-2024 17:23 Inflation slowed more than expected last month to its lowest level in three years, buoying an already ebullient President Javier Milei.
ECONOMIC REPERCUSSIONS Dollars, IMF, cepo – Economy Ministry’s expectations after Trump triumph 06-11-2024 23:59 The government is betting on ideological overlap between Milei and Trump helping Argentina to obtain the financing required to face the need for dollars. by Ezequiel Orlando
POLITICS The 'Caputo Clan': A family linked to politics and power 02-11-2024 07:36 The Caputo family has been involved in Argentina's politics for some time, though its most recent star, presidential advisor Santiago Caputo, was an unknown until Javier Milei rose to office. A look at the family tree of a clan long linked to politics and power. by Giselle Leclercq
ANALYSING ARGENTINA The Caputos spread their tentacles over the Mileis 26-10-2024 05:37 Not so long ago, two Caputos in Milei's inner circle seemed one too many. But now, Santiago and Luis Caputo are working closely in tandem. by Marcelo J. García
IMF PROGRAMME IMF confirms Argentina ‘exploring’ new financing programme 25-10-2024 17:26 Argentina’s government is “exploring options” for a new financing programme with the International Monetary Fund, confirms top official.
POLITICS & ECONOMY Argentina seeks US$2.7-billion line to cover debt maturities 23-10-2024 20:39 Argentina’s government is in talks with several banks to obtain a loan agreement of around US$2.7 billion for about three years in order to meet its principal debt obligations next January.
IMF CREDIT LINE Caputo says Argentina in talks with IMF over new deal, fresh funds 23-10-2024 13:58 After being hailed as “finance minister of the year” by a magazine in Washington, Argentina’s Economy Minister Luis Caputo Caputo said talks with the International Monetary Fund over a new agreement that includes fresh funds are underway.