News of argentina government

Milei’s ‘chainsaw’ cut nearly 35,000 public-sector jobs in 2024

Yesterday 05:07 Report by the Deregulation & State Transformation Ministry, headed by Milei ally Federico Sturzenegger, details 34,280 dismissals or contract terminations between December 2023 and October 2024, shrinking the state payroll by seven percent.

Milei’s ‘we want it all’ moment

Yesterday 05:07 We’re early into the experiment. But Javier and Karina, along with star political advisor Santiago Caputo, are already imagining the “Milei era,” which should last at least eight years and include control of the Casa Rosada, Buenos Aires City and Buenos Aires Province.

by James Grainger

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.

Argentina weighs managed exchange rate once it lifts currency controls

16-12-2024 19:44 President Javier Milei's government is weighing whether to introduce a managed exchange rate regime — a “dirty float” — once it lifts its current foreign exchange controls in 2025.

Who was Milei’s audience?

11-12-2024 23:45 With an almost religious hope of 2025 being a growth year, President Milei used his first anniversary address to talk to the ‘círculo rojo’ business establishment and his run-off voters, with no concrete announcements for ordinary people.

by Javier Calvo

Sturzenegger clarification pours cold water on Milei’s 90% tax reduction claim

11-12-2024 15:55 Argentina’s deregulation czar assures that the government’s idea is to simplify the tax structure but not to reduce the percentage of its burden – a notable difference from President Javier Milei’s first anniversary speech vow.

Key measures from Milei’s first year in office

10-12-2024 09:57 President’s first year in office was marked by drastic state cutbacks, the sharpest rise in poverty in two decades, an aggressive rhetoric and notable shift in foreign policy.

Four takeaways from President Javier Milei's first year

10-12-2024 09:44 Four takeaways from Milei's first year in office: Slimming the state, wielding the chainsaw, domestic political battles and a shift in foreign policy.

Year one: Milei surpassed expectations, but now faces high ones

07-12-2024 06:51 The question of whether Milei will be an anecdote or a new force that defines an era will largely begin to be answered in 2025. First and foremost, it will depend on the economy, and second — but by no means less important — on the midterm elections in October.

by Marcelo J. García

The year of the lion

07-12-2024 06:17 Milei’s first year in office has seen much more grey than its inflamed and somewhat arbitrary crusade against the “caste” of drab democratic politics would care to admit.

Milei admires Ireland for a statistic the Irish don’t favour

06-12-2024 12:35 President Javier Milei aspires to reform Argentina’s economy in the way Ireland turned around its fortunes over the past three decades. The Irish see more nuance to their own story. 

Central Bank lowers rate to 32% on price expectations

06-12-2024 00:10 Argentina’s Central Bank cut its benchmark interest rate by 300 basis points to 32 percent as inflation expectations fall.

The protectionist racket

30-11-2024 05:37 While Donald Trump and Javier Milei might be a mutual admiration society, they are moving in opposite directions on protectionism.

by Michael Soltys

Milei and nothing but Milei

30-11-2024 05:12 If the opposition wants to challenge the President, the best they could do is to try something radically different. This is exactly what Milei did when he launched his political career.

by Marcelo J. García

Betting on Milei, investors choose longer duration

27-11-2024 12:43 Investors are extending the duration of their peso savings and investments, signalling confidence in President Javier Milei.

‘Fat Dan’ and libertarian childishness

23-11-2024 06:00 The childish attitudes of Milei 'troll army' come as the government has regained momentum in opinion polls.

by Agustino Fontevecchia

Argentina in ‘transition’ to growth, says top World Bank official

12-11-2024 22:21 Top World Bank official William Mahoney praises advances by President Javier Milei's government and says Argentina is "in transition" towards the recovery of growth.

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.

Argentina’s recession ‘is over,’ Milei tells business leaders

08-11-2024 14:49 “The recession is over. We are emerging from the desert," President Milei tells business leaders at event in Buenos Aires.

Argentina to withdraw military officers from UN’s South Lebanon mission

06-11-2024 13:40 Decision, which became known during departure of ex-foreign minister Diana Mondino, underlines President Javier Milei’s alignment with the Israeli government.