BLOOMBERG – ANALYSIS Milei sparks wild rally that makes peso number one in the world Yesterday 15:17 Four months into office, President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: stabilising Argentina's currency.
INTEREST RATES CUT Central Bank lowers key rate to 60% Yesterday 15:07 Policymakers at Argentina’s Central Bank lower interest rates to 60% from 70% as officials bet on a sustained slowdown of inflation.
POLITICS Crisis at Human Capital Ministry: abrupt exits and resignations 24-04-2024 16:18 Legal Secretary Maximiliano Keczeli not the first from Sandra Pettovello’s inner circle to quit post, but he is perhaps the most important figure to have stepped down. Milei’s ‘protective umbrella’ and administrative overspills. by Ramón Indart
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.
Marcha Federal Universitaria Massive crowds march against Milei’s cuts to state universities 23-04-2024 21:08 Large crowds turn out nationwide for march in defence of universities and state education; One of biggest rallies yet of President Javier Milei's government, with estimates ranging from 100,000 to half a million.
FOREIGN POLICY & DIPLOMACY Diana Mondino heads to China, Europe on investment quest 23-04-2024 20:52 Argentina’s foreign minister will set off on Sunday for a 10-day tour of China, France, Belgium and Portugal, accompanied by a “large business delegation.”
ECONOMIC INDICATORS Economy slumped for fourth straight month in February 23-04-2024 20:18 Economic activity fell 3.2% in February from a year ago, a fourth straight monthly decline. On a monthly basis, activity declined 0.2%, according to government data.
CADENA NACIONAL BROADCAST Milei trumpets quarterly budget surplus in TV address 23-04-2024 10:49 President announces Argentina’s first quarterly fiscal surplus since 2008 during a televised speech, promising his commitment to eliminating deficits wouldn’t waver throughout his term.
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.
Analysing Argentina Is Milei feeling the fear? 20-04-2024 06:45 Milei’s government needs to pass legislation, something it has not been able to do in its first four-and-a-half months in office. Congressional approval would be an indication to Argentines and foreign observers alike that he means business. by Marcelo J. Garcia
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.
NO HAY PLATA? Rebellion in Senate: Pay increase passed by show of hands and without debate 18-04-2024 17:40 Milei lashes out via social networks after senators vote to approve pay increase; "2025 will see a historic hiding" for the caste, says President.
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.
BUSINESS & INVESTMENT Top CEOs to heap praise on Milei at Patagonia retreat 17-04-2024 13:18 Elsztain will host president at exclusive Bariloche event; IRSA starting construction on biggest project in its history
INTERVIEW / PERIODISMO PURO Guillermo Dietrich: ‘I’m backing this government all I can so that it does well’ 13-04-2024 05:47 Former transport minister and close ally of Mauricio Macri on the Milei government, state companies and Juntos por el Cambio. by Jorge Fontevecchia
Analysing Argentina Why Javier Milei needs to be a bit like Néstor Kirchner 13-04-2024 05:40 Even though he may hate the sound of it, the lessons of the Kirchner dynasty – whose political fadeout is largely responsible for Milei’s meteoric rise to power – could help the President. by Marcelo J. Garcia
MEDIA Pressure on the press: from Videla to Milei 12-04-2024 17:20 Attacks by Javier Milei on the press in general, and at 'Noticias' and 'Perfil' in particular, are nothing new. Argentina’s President is using old methods to silence critics. by Gustavo González
ECONOMIC INDICATORS Inflation slowed to 11% in March, annual rate hits 287% 12-04-2024 16:56 Consumer price hikes continue to slow, but remain in double digits. Education records highest increases, rising 52.7 percent as increases as new school year begins.
BLOOMBERG - ANALYSIS Monthly inflation slowed more than expected in March 12-04-2024 16:35 Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight month.
ECONOMIC INDICATORS Central Bank cuts interest rate to 70%, markets see inflation easing 12-04-2024 10:22 Argentina’s Central Bank cuts main interest rate to 70% from 80% – the third time since President Javier Milei took office.
new culture wars front President versus the press: Milei slams 'corrupt' journalists 11-04-2024 15:25 Taking a page from the populist playbook, President Milei this week criticised a number of high-profile journalists in a lengthy radio interview with TV and radio presenter Alejandro Fantino.
BLOOMBERG – ANALYSIS HSBC joins firms exiting Argentina amid Milei's economic makeover 10-04-2024 15:24 Foreign companies reluctance contrasts with local optimism; Exxon and Clorox decided to divest investments in Argentina.
HEALTH & ECONOMY Argentina is running out of bug spray amid record dengue surge 10-04-2024 10:08 Bug spray is out of stock as Argentina confronts its worst-ever outbreak of dengue, a mosquito-borne illness that’s surged across Latin America amid high heat and heavy rains.
Editorial Mixed messages 06-04-2024 06:29 While Argentina’s government has turned full circle between the two Easters from leftist populism to far right devotees of the market calling themselves libertarians, inflation persists as the basic fact of life .
INTERVIEW / PERIODISMO PURO Martín Lousteau: ‘I’m not afraid of leaders with an authoritarian streak’ 06-04-2024 06:09 Senator and UCR chair on why the mega DNU emergency decree was unconstitutional, President Milei’s economic plan and Radical renewal. by Jorge Fontevecchia
BLOOMBERG INTERVIEW Giving up China is hard, even for Argentina’s anarcho-capitalist 05-04-2024 13:40 President Javier Milei is taking a softer tone than he did as a candidate, saying he won’t touch existing trade agreements with Beijing.
BLOOMBERG INTERVIEW Milei sees long slog ahead to bring Argentina reforms he pledged 05-04-2024 11:14 While Milei made shutting down the Central Bank and dollarising the economy centrepieces of his political campaign, he acknowledges plans are going to take a lot longer than he expected.
BLOOMBERG INTERVIEW Milei talks up his peso plans, China, Trump and Israel 05-04-2024 09:44 Libertarian leader discusses fiscal and monetary plans, his approach to one of his country’s biggest trading partners and creditors, and much more in interview with Bloomberg News Editor-in-Chief John Micklethwait.
POLITICS & ECONOMY Juntos por el Cambio governors to back ‘omnibus’ bill, fiscal package 04-04-2024 21:35 Interior Minister Guillermo Francos and Cabinet Chief Nicolás Posse lead talks over the so-called ‘Ley de Bases,’ potentially brokering a deal to see its passage through Congress.
INTERNATIONAL MONETARY FUND IMF hails Argentina’s ‘impressive’ progress under Milei 04-04-2024 19:27 Progress made by Milei administration is "impressive" but "the road to stabilisation is never easy," says IMF Communications Director Julie Kozack.
BLOOMBERG – ANALYSIS Milei races against time to ease pain unleashed by shock therapy 03-04-2024 12:03 Argentina’s president, who won last November’s run-off with 56% of the vote, is in a race against time to bring inflation back down and hold on to that popularity.
ANALYSING ARGENTINA Who wants to ‘exploit’ Argentina? 30-03-2024 06:43 The business establishment, here and abroad, are keeping a close eye on whether Milei and his team can deliver on governance – and whether they can do it soon. by Marcelo J. Garcia
POLITICS – ANALYSIS The calm before the storm? 30-03-2024 06:07 The depth and severity of the recession that the plan put together by Economy Minister Luis ‘Toto’ Caputo will bring is beginning to reveal its impact. by Agustino Fontevecchia
POLITICS & ECONOMY Milei to cut 70,000 state jobs, boasting of chainsaw austerity 26-03-2024 22:29 President plans to fire 70,000 government workers in the coming months, he confirms in speech to IEFA Latam Forum in Buenos Aires.
POLITICS Government says it will change name of Centro Cultural Kirchner 26-03-2024 13:12 President Javier Milei’s government is providing Argentina with another ideological distraction from economic woes and human rights disputes: it now plans to change the name of the Centro Cultural Kirchner in Buenos Aires.
ECONOMIC INDICATORS Wages suffered record drop after Milei devalued peso 26-03-2024 07:43 Private-sector wages fell the most in nearly three decades after President Javier Milei’s currency devaluation, according to a new government report.
NEW ROUND LAY-OFFS Milei administration sharpens chainsaw against public employees 25-03-2024 15:40 Government ready for a new onslaught against state employees – Cabinet Chief Nicolás Posse is in charge of monitoring the issue. Around 15,000-20,000 expected to lose posts as contracts are not renewed.
24 de MARZO Milei government casts doubt over dictatorship crimes 24-03-2024 18:49 Milei administration echoes vice-president's line, demanding justice for "the victims of terrorism" during military dictatorship era and questioning 30,000 disappeared estimate from human rights groups.
HUMAN RIGHTS Argentines send message with march in memory of dictatorship 24-03-2024 17:03 Huge crowds head to Plaza de Mayo to mark the 48th anniversary of the coup d'état that brought Argentina’s brutal 1976-1983 military dictatorship to power, resulting in the disappearance, exile and execution of tens of thousands of people in secret death camps across the country.
POLITICS – ANALYSIS Emperor of the Argentine Republic? 23-03-2024 06:32 In a country obsessed with dark priests that roam Government House with differing levels of influence on the upper echelons of the political class, Santiago Caputo has walked into his role perfectly. by Agustino Fontevecchia
Analysing Argentina Another 100 days of solitude? 23-03-2024 06:30 If Javier Milei insists on tragedy, he might kill Argentina’s democracy – or vice-versa. He does not need to. by Marcelo J. Garcia
POLITICS & ECONOMY Villarruel vies with Karina Milei for influence over president 22-03-2024 18:29 Officially, Victoria Villarruel is Javier Milei’s second-in-command. But the president has left little doubt that there is only one adviser who truly has his ear: his younger sister Karina.
BLOOMBERG Oilfield billionaire Paolo Rocca has ‘lot of hope’ for Milei 21-03-2024 11:59 Paolo Rocca, billionaire chief of oil-pipe maker Tenaris SA, said expectations are high that President Javier Milei can turbo-charge development of the country’s shale deposits.
POLITICS Milei's ‘Bermuda triangle’ stalks government officials 20-03-2024 22:02 The three members of Javier Milei’s inner circle have the authority to bounce any Cabinet member they see fit – and there have already been nine top-level exits in the first three months of the president’s term. by Ramón Indart
POLITICS Macri assumes control of PRO after deal with Bullrich 20-03-2024 11:32 Former head of state will take on presidency of party he founded in 2005 for first time; Vicente López Mayor Soledad Martínez named first vice as Patricia Bullrich steps aside with allies secured in key positions.
100 days of Milei 100 days of Milei: Constructing political enemies and catharsis online 19-03-2024 13:44 The President marked his style from day one, when he broke with tradition and turned his back on Congress. Whatever the fight, he finds his catharsis on social networks.
100 days of Milei Success and setbacks: 100 days of Milei 19-03-2024 09:50 President Javier Milei has slashed public spending, but 100 days into his presidency social tensions are simmering and he is still battling to pass flagship economic reforms.
POLITICS & ECONOMY Kicillof announces wage increase for state workers 18-03-2024 15:11 Salaries of state teachers, police officers and public employees will rise by 13.5% this month, orders Buenos Aires Province Axel Kicillof, in defiance of President Javeir Milei’s cost-cutting plans.
POLITICS – ANALYSIS Meme politics, tackling price hikes and Milei’s North Star 16-03-2024 06:31 President Milei understands that he needs to deliver slowing inflation and the beginning of an economic rebound if he is to have a chance at truly governing the country. by Agustino Fontevecchia