News of economy fernandez

Fernández de Kirchner’s ban from office marks new chapter

11-06-2025 17:03 Top court sidelines Cristina Fernández de Kirchner from future elections, likely ushering in a new political era.

DEBT & BONDS

Buenos Aires Province debt climbs as Milei confronts local election test

05-06-2025 12:35 Dollar notes issued by Buenos Aires Province are the best-performing government credits across emerging-markets since La Libertad Avanza won in a city hall race in mid-May.

POLITICS – ANALYSIS

More to lose than to win

16-05-2025 10:15 In the City, the battle for first place is less interesting than the struggle between the Mileis and the Macris.

by Agustino Fontevecchia

EDITORIAL

Clean slates – for greenbacks only

10-05-2025 07:25 At least two of this week’s main news items may be considered further setbacks in the fight against corruption. Every suspicion of a meticulously manipulated Senate result instead of free votes of conscience, while those complying with the conditions of last year’s tax whitewash might ask themselves why they went to all that trouble – a black week for removing the stain of corruption with no guarantee against more to come.

Analysing Argentina

The shepherd who lost his country

26-04-2025 05:00 Argentina electing Milei, just as an Argentine was running the Vatican on a unifying message, is as if John Paul II had seen his Polish compatriots vote for a version of Joseph Stalin, rather than Lech Wałęsa.

by Marcelo J. García

SUPPLY LINES

Mercosur shields Paraguay from Trump tariff pain, says finance chief

23-04-2025 22:29 Membership in one of the world’s most protectionist trade blocs will help shield Paraguay from the worst of near-term disruptions caused by US tariffs.

ECONOMY – ANALYSIS

IMF bets billions on Milei’s chainsaw to avert past debacles

13-04-2025 08:50 Frontloading disbursements is a controversial move that increases the IMF’s exposure to its biggest debtor, just as Milei faces the same policy dilemmas that have doomed his predecessors.

IMF DEBT PROGRAMME

Argentina and the International Monetary Fund: A long, tricky history

12-04-2025 09:29 Argentina, which has a track record of economic crises and hyperinflation, is already the IMF's biggest debtor, ahead even of war-torn Ukraine.

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

CRIME & SECURITY

Milei tells Kicillof to resign over Buenos Aires Province ‘bloodbath’

28-02-2025 15:46 Opposition expresses outrage as President Javier Milei calls on Buenos Aires Province Governor Axel Kicillof to resign in response to shocking killing of seven-year-old.

INTERVIEW / PERIODISMO PURO

Alberto Fernández: ‘Milei has the problem of being completely dogmatic’

23-02-2025 06:08 In the final part of a feature interview, former president Alberto Fernández discusses the insurance corruption allegations he faces in the courts, President Javier Milei, Peronism and his relationship with Cristina Fernández de Kirchner.

by Jorge Fontevecchia

‘CRYPTOGATE’ SCANDAL

Investigation to probe Milei’s conduct over 'cryptogate'

17-02-2025 15:34 Judge María Servini assigned probe into President’s conduct in launch of ‘$LIBRA’ cryptocurrency; Government announces its own investigation into scandal.

International Monetary Fund

IMF publishes grim evaluation of Argentina’s US$44-billion deal

12-01-2025 08:55 Ex-post evaluation paints a grim picture of Argentina’s latest IMF programme that began in March 2022. Staff detailed reckless policy decisions by the government of former president Alberto Fernández that derailed the programme and economy in the run-up to the 2023 presidential election.

LATIN AMERICA

Between Milei and Lula, Paraguay finance chief eyes austere path

07-01-2025 12:32 Paraguay Finance Minister Carlos Fernández argues sustainable fiscal policy matters in a region exposed to international crisis.

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

EDITORIAL

Obscurity obstructs security

19-10-2024 06:46 Both Peronism and the business world are undergoing a transitional phase.

POLITICS

Kicillof uses Loyalty Day speech to call for Peronist unity

18-10-2024 00:24 Buenos Aires Province governor was the only speaker at the event celebrating Peronist Loyalty Day and the life of Juan Perón. Brushing aside non-appearance from La Cámpora, Kicillof calls for unity and harshly criticised President Javier Milei.

ENERGY & GAS

Oil workers strike after death after Vaca Muerta drilling field

09-10-2024 11:20 Vista Energy reports death of Miguel Fernández, 40, following an accident at Bajada del Palo Oeste field at Vaca Muerta formation; Unionised workers stage protest as they demand “no for more deaths” and call for more investment in safety.

POLITICS & ECONOMY

Milei, CFK spat on social media over Argentina’s economic direction

06-09-2024 21:47 Cristina Fernández de Kirchner and Javier Milei play out dispute on social media.

ANALYSING ARGENTINA

Milei fighting with himself

17-08-2024 06:40 The scandal surrounding former president Alberto Fernández and his ex-partner, former first lady Fabiola Yáñez, seems to confirm Milei’s campaign truism that the country’s politicians were not only inept but also morally bankrupt.

by Marcelo J. García

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.

INTERVIEW

Ex-Energy and Mining secretary Flavia Royón: 'RIGI is necessary’

06-06-2024 00:50 Former Energy & Mining secretary in Alberto Fernández and Javier Milei governments says RIGI investment incentive scheme is “necessary to develop LNG, hydrogen and mining projects.”

POLITICS – ANALYSIS

Milei’s calculated risks

04-05-2024 05:27 It’s not the first time Milei has decided to play ball and look for support beyond the tight borders of his La Libertad Avanza coalition. It shouldn’t be read purely as a strategic change – rather a tactical manoeuvre.

by Agustino Fontevecchia

Former president speaks out

Fernández de Kirchner accuses Milei of subjecting Argentines to ‘pointless sacrifice’

28-04-2024 09:25 Cristina Fernández de Kirchner returns to political scene, slamming the "anarcho-colonialism" of Javier Milei's political project and accusing the President of submitting Argentines to a "pointless sacrifice."

Editorial

The Pact of May (or maybe?)

09-03-2024 06:30 This month and the next stand to be the eye of a perfect storm – a rare moment in the always abnormal Argentine economy which is a nightmare for spenders and savers alike.

CORRUPTION & THE COURTS

Former president Alberto Fernández charged in graft case

29-02-2024 20:05 Former president Alberto Fernández was charged Thursday with alleged embezzlement of public funds – now a judge must decide whether to prosecute.

EU-MERCOSUR TRADE DEAL

Argentina criticises EU as Mercosur trade talks bog down again

20-02-2024 09:29 President Javier Milei’s top diplomat, Diana Mondino, offers grim assessment of Mercosur-European Union free-trade deal, revealing that treaty may be broken up into parts.

As I see it

The Kirchnerites have Milei in their sights

13-01-2024 06:21 The fate of the new government will depend largely on Milei’s ability to persuade people that the fearful emergency he goes on about is not just a figment of an overheated imagination but something terribly real.

by James Neilson

FOREIGN POLICY & DIPLOMACY

Argentina formally rejects BRICS membership

29-12-2023 20:38 President Javier Milei send letters to BRICS leaders to formalise his decision to reject an invitation to join the grouping.

Presidential handover

Argentina stops banks from hoarding dollars ahead of devaluation

07-12-2023 13:34 Central Bank limits amount of foreign currency the nation’s commercial lenders can hold, in a push to discourage US dollar hoarding ahead of an expected devaluation by president-elect Javier Milei.

ECONOMIC INDICATORS

Record money-printing: 9.439 billion banknotes in circulation as Fernández leaves office

04-12-2023 18:01 The money moving around "the street" has gone up 80 percent in the last four years. On average there are currently 2,050 banknotes per inhabitant in circulation, none worth more than US$2 each.

President on poverty

'Badly measured' – Fernández questions official poverty rate

04-12-2023 13:53 President Alberto Fernández has questioned the INDEC national statistics bureau, saying he think that Argentina’s official poverty rate is “badly measured.”

EU-MERCOSUR TRADE DEAL

Argentina: Conditions not in place to sign Mercosur-EU deal

04-12-2023 12:09 Argentina’s outgoing government says conditions are not in place to sign long-delayed free-trade agreement between Mercosur and European Union.

ELECTION 2023: FALL-OUT

Milei says no transition meeting planned as Massa decides to stay on

20-11-2023 18:39 Javier Milei says that "there is no meeting planned" with President Alberto Fernández and says responsibility for period until December 10 inauguration lies with head of state and Sergio Massa, who decides to stay on as economy minister.

IMF DEBT DEAL

Argentina pays US$2.6 billion maturity to IMF

01-11-2023 21:12 State news agency confirms Argentina's government made US$2.6-billion payment to settle maturity from record International Monetary Fund debt programme.

HELP FROM BEIJING

China lets Argentina tap extra US$6.5 billion from swap line

18-10-2023 14:01 Move comes right before Argentina’s presidential election on Sunday as political uncertainty roils markets and the peso’s parallel exchange rate sells off.

ELECTION 2023

Milei’s warning about break with China creeps into president’s tour

17-10-2023 15:55 Government sources admit Chinese officials have expressed "concern" over libertarian's statements on Argentina's relationship with China during meetings.

EDITORIAL

We’ve got the blues again

14-10-2023 05:20 Regardless of whether Milei is an economic terrorist or whether the government is the architect of its own destruction, the problems caused by the extreme volatility of this week’s four-digit dollar are all too real with panic price increases across the board.

POLITICAL AND FINANCIAL UNREST

Recriminations fly as peso flounders ahead of vote

11-10-2023 21:55 President Alberto Fernández files a criminal complaint for "public intimidation" against Javier Milei, blaming the libertarian for the peso's weakening on informal markets.

Election 2023

President denounces Milei for fuelling run on currency

11-10-2023 21:39 President Alberto Fernández confirms he has reported La Libertad Avanza leader Javier Milei and libertarian City mayoral candidate Ramiro Marra to authorities for prompting run on currency.

IMF DEBT PROGRAMME

IMF confirms Argentina asked to postpone October payments

06-10-2023 14:52 Request confirmed by the global monetary watchdog on Thursday; Government will have to pay US$3.4 billion after the election.

UNITED NATIONS GENERAL ASSEMBLY

President Fernández uses final UNGA address to reiterate IMF, Malvinas demands

19-09-2023 20:44 President Alberto Fernández demands United States end "inadmissible" economic blockade of Cuba and sanctions applied to Venezuela in final address to United Nations General Assembly as head of state.

ECONOMIC INDICATORS

Government has printed equivalent of 18% of GDP since 2019

19-09-2023 09:33 New report says President Alberto Fernández’s administration has printed the monetary equivalent of 3% of GDP so far this year, most of it aimed at the repurchase of bonds to protect their price level.

PROTEST AGAINST THE FUTURE?

Government ‘protests’ rivals' proposed policies with public works ‘shutdown’

14-09-2023 16:56 Public Works Minister Gabriel Katopodis on Wednesday headed assemblies of construction workers with the aim of "creating awareness" as to the potential post-election changes which the ruling coalition’s rivals would implement in the sector.

WATERWAYS

South American neighbours slam Argentina over river tax on Paraguay

11-09-2023 21:18 Argentina’s neighbours have sharply criticised its tax against commercial boats travelling through the key Paraná River, backing Paraguayan objections.

MASSA'S NEW MEASURES

Argentina lifts wages, welfare in defiance of IMF austerity push

28-08-2023 12:29 IMF approved US$7.5-billion cash transfer to Argentina in August; Negotiations over loan included limits on more public spending.

FOREIGN POLICY & DIPLOMACY

BRICS membership in doubt as opposition rejects move

24-08-2023 18:13 Presidential candidates Javier Milei and Patricia Bullrich indicate they would withdraw the approved application for BRICS membership, casting serious doubt over likelihood of nation joining group of emerging economies.

DIPLOMACY & FOREIGN POLICY

BRICS: meet the six new members

24-08-2023 17:03 The BRICS – Brazil, Russia, India, China and South Africa – have agreed to make Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates full members from January 1, 2024.

FOREIGN POLICY & DIPLOMACY

President confirms Argentina's 'historic' admission to BRICS

24-08-2023 11:15 Argentina to join bloc of emerging economies led by Brazil, Russia, India, China and South Africa, confirms Fernández. BRICS leaders also approve accession of Saudi Arabia, Egypt, Ethiopia, the United Arab Emirates and Iran.