CAPITAL CONTROLS Trump adviser Laffer tells Argentina ‘get it done now’ on capital controls Yesterday 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.
Economic Recovery Top private bank Galicia expects lending business to surge 23-10-2024 11:36 Galicia, Argentina’s largest private bank, is expecting loaning business to surge in the portfolio, a sign of what some say is economic recovery in Argentina.
EDITORIAL Obscurity obstructs security 19-10-2024 06:46 Both Peronism and the business world are undergoing a transitional phase.
CAPITAL CONTROLS Why Milei can’t lift currency controls any time soon 16-10-2024 12:15 Argentina has had strict currency controls in place for the past nine out of 13 years. President Javier Milei wants to get rid of them, but for now, he's sticking to the existing regime.
ECONOMY & POLITICS Banco de la Nación wants to sell debt after a 30-year hiatus 09-10-2024 12:11 Daniel Tillard, the new head of Argentina’s largest bank, wants state-run Banco de la Nación to re-enter international capital markets for the first time in three decades.
International Monetary Fund Argentina may combine final two IMF reviews before new talks 25-09-2024 09:10 Government may condense negotiations with IMF staff on its US$44-billion programme before opening talks on a new agreement that could include new money, Economy Minister Luis Caputo told investors Tuesday in New York.
MILEI IN NEW YORK Milei lays out clearer currency path as his popularity begins to dip 24-09-2024 11:05 In his Wall Street debut, Javier Milei tells investors at the New York Stock Exchange that currency restrictions will be lifted “when the rate of inflation in the macroeconomic programme is zero.”
UNREST AT STATE AIRLINE Government responds to Aerolíneas union strikes with sell-off threat 19-09-2024 15:27 Milei administration warns striking aviation workers, says it has opened talks with private companies over the privatisation of state carrier Aerolíneas Argentinas.
INVESTMENT Milei government enthused by initial RIGI investment commitments 18-09-2024 18:03 Two multinationals from the automobile sector and a large energy company have committed investments since passage of the RIGI investment incentive scheme. by Martín Fernández Nadale
economy Headline figures from Milei government’s 2025 Budget 16-09-2024 12:17 Argentina’s Economy Ministry publishes its forecasts for the coming year: 5% growth, 1,207 pesos a dollar and 18.3% inflation.
EDITORIAL Nobody wins 14-09-2024 06:37 Milei risks his popularity with insensitivity towards pensioners in the name of maintaining a fiscal surplus.
ECONOMY – ANALYSIS Argentina posts slightly higher than expected August inflation 11-09-2024 17:01 Argentina’s monthly inflation rose slightly above expectations in August, representing a setback for President Javier Milei.
ECONOMIC INDICATORS Inflation rises slightly to monthly 4.2%, dashing government hopes 11-09-2024 16:43 Prices have increased 94.8% in Argentina since the turn of the year, according to official data; Consumer price hikes at monthly 4.2% – slight rise on the preceding month and above government forecast of 4%.
OFFICIAL FORTUNES Official fortunes: New minister’s statement shakes up Milei Cabinet rich list 03-09-2024 12:14 Argentina’s new Deregulation & State Transformation Minister Federico Sturzenegger’s sworn affidavit places him as the fourth-richest member of Javier Milei’s Cabinet. President now ranks seventh on a list topped by Foreign Minister Diana Mondino.
ECONOMY & FINANCE Argentina ships gold bars abroad to be financially certified 02-09-2024 20:30 Argentina’s Central Bank sent part of its gold reserves abroad in recent weeks to be validated for financial use.
FIGHT AGAINST MONEY-LAUNDERING Argentina at risk of falling onto FATF money-laundering ‘grey list’ 31-08-2024 05:54 President Javier Milei wants to introduce a ‘blanqueo’ whitewash amnesty for undeclared assets. But his plan could see Argentina fall foul of the Financial Action Task Force money-laundering watchdog. RIGI multi-billion dollar investment incentive scheme is also under scrutiny. by Ariel Maciel
EDITORIAL Libertarian entrapment 31-08-2024 05:21 The paradox of a libertarian government revering the free market while unable to exit bureaucratic Kirchnerite capital controls has already drawn comment but the reduction of the PAIS tax exposes another contradiction.
ECONOMIC POLICY Caputo confirms that PAIS tax will be cut next week 28-08-2024 23:37 Goverrnment to lower 'Impuesto PAIS,' key import tariff, to cool inflation; Economy minister says cuts will begin for imports and freight cargo with reduction beginning next week.
ECONOMY – ANALYSIS Milei lowers key import tariff to cool inflation 28-08-2024 10:35 Economy Minister Luis Caputo announces government will lower levy known as 'PAIS tax' from 17.5% to 7.5%.
Editorial Inflation down on its all fours? 17-08-2024 05:39 The main obstacle to zero inflation is zero certainty as to the future.
POLITICS Milei again rules out devaluation of peso in Council of Americas speech 14-08-2024 18:20 President Javier Milei defends his government and rules out devaluation of the peso in speech at a Council of the Americas forum.
POLITICS City transport subsidies source of conflict between Milei and Jorge Macri 06-08-2024 16:41 While the revenue sharing distribution row is being solved, tensions look set to enter a new chapter with a dispute building over the removal of bus subsidies from 31 bus lines in the capital. by Ezequiel Spillman
POLITICS Caputo rejects criticism for having money abroad 22-07-2024 15:58 Argentina's economy minister pushes back on claim he asked people to sell their dollar savings in order to pay taxes.
MONETARY POLICY Argentina to sell dollars in parallel FX market to shore up peso 14-07-2024 09:31 Central Bank will sell US dollars in the country’s parallel foreign exchange markets starting Monday, says Economy Minister Luis Caputo.
BEYOND THE HEADLINES No economising economists 13-07-2024 07:44 The atomisation of economic thinking prevails far beyond the ministerial level in Argentina. by Michael Soltys
IMF ON ARGENTINA IMF denies there is ‘specific timetable’ for new Argentina deal 11-07-2024 16:48 Julie Kozack, the Fund's communications director, contradicts claims by Economy Minister Luis Caputo that talks about new financing deal are underway and an agreement could be sealed this year.
ECONOMY & POLITICS Argentina officials move to shore up bank support for debt plan 01-07-2024 15:35 Economy Minister Luis Caputo and Central Bank Governor Santiago Bausili sought to shore up support Monday in a meeting with executives from private banks for a monetary policy pivot announced late Friday.
MONETARY POLICY Milei shifts policy in second phase of Argentina plan 29-06-2024 15:30 Milei administration embarks on second phase of economic plan, announcing it will swap out notes held at the Central Bank for new Treasury debt.
POLITICS – ANALYSIS Turning-point or anarcho-capitalist illusion? 22-06-2024 05:52 The outsider – who by definition was politically weak – is proving to be more resilient than his more traditional peers. Milei’s emergence in Argentina’s political ecosystem already marks a turning-point. by Agustino Fontevecchia
POLITICS & ECONOMY Caputo’s number two at Economy Ministry quits government 17-06-2024 16:09 Economic Policy secretary Joaquín Cottani resigns for personal reasons; Likely replace is Argentine-born Chilean economist José Luis Daza, who worked with Luis Caputo at JP Morgan and Deustche Bank.
POLITICS – ANALYSIS Javier Milei and a tale of two Caputos 15-06-2024 06:20 President Milei’s administration has inaugurated a novel political dynamic in Argentina: unleashing an attack against their adversaries, almost breaking down any possibility of collaboration, before agreeing at the last second to concessions. by Agustino Fontevecchia
INTERNATIONAL MONETARY FUND MEET Milei to meet IMF chief during Argentina’s push for new programme 12-06-2024 23:06 President Javier Milei will meet face-to-face with the head of the International Monetary Fund in Italy this week as Argentina pushes for a new programme.
NEW IMF PROGRAMME? Caputo says Argentina will seek new IMF programme to exit 'cepo' 11-06-2024 12:57 Economy Minister Luis Caputo says President Milei’s government intends to “negotiate a new programme” with the International Monetary Fund that will allow Argentina to remove currency controls.
POLITICS Milei proclaims ‘change of era’ in Córdoba speech marking national holiday 26-05-2024 10:16 President Milei heads to Córdoba to mark his first 25 de Mayo anniversary as head of state; Head of state praises ‘rock star’ Luis Caputo in speech following event in Buenos Aires, announces new ‘May Council’ and vows tax cuts.
IMF DEBT PROGRAMME Milei wins IMF staff support to unlock US$800 million 13-05-2024 12:07 IMF staff sign off on eighth review of Argentina’s US$44-billion programme, endorsing President Milei’s shock therapy programme and freeing up access to nearly US$800 million.
INTEREST RATES Central Bank cuts rates to 50% as Milei wrestles inflation down 02-05-2024 14:04 Central Bank cuts key interest rate for the third time in three weeks as officials bet on a sustained slowdown in consumer prices.
ECONOMIC OUTLOOK Milei’s team sees inflation slowing faster than economist survey 24-04-2024 12:04 President Javier Milei’s economic team sees monthly inflation slowing much faster this year than analysts anticipate.
POLITICS & ECONOMY 'The last stretch': Milei praises 'heroic' effort in prime-time address 22-04-2024 22:08 President uses prime-time broadcast to highlight first quarterly budget surplus since 2008. "This is the last stretch of a heroic effort," Milei tells nationwide.
POLITICS & ECONOMY How Milei and Caputo achieved Argentina's twin surpluses 22-04-2024 15:34 ‘Chainsaw’ and ‘blender’ plans pay off for Milei in much-improved fiscal figures for first quarter, as Argentina his government reporting a primary surplus and positive trade balance.
POLITICS & ECONOMY Caputo looks for funds for Argentina in Washington 19-04-2024 00:07 Economy Minister Luis Caputo is on the search for funds in Washington, seeking the US$15 billion President Javier Milei says Argentina needs to remove currency controls.
RELATIONS WITH CHINA Central Bank chief Bausili among top officials headed to China 18-04-2024 18:02 Top government officials are preparing to visit China in the next few weeks as President Javier Milei ditches his aggressive rhetoric against Beijing in a bid to deepen ties with a key trade partner.
BLOOMBERG Caputo speech at JPMorgan event helps propel Argentine bonds 18-04-2024 13:18 Argentina won’t lift capital controls until international reserves are high enough to safeguard against a potential currency run, Luis Caputo tells investors.
HEALTH & ECONOMY Government intervenes to halt private health scheme price surge 17-04-2024 17:21 Free-market Milei administration uses state power to challenge firms and announces most prepaid health schemes are rolling back runaway price increases; "The Argentina of wise guys is over," declares presidential spokesman Manuel Adorni.