BLOOMBERG REPORT Milei, Caputo to meet investors in New York Friday 04-11-2025 23:19 Javier Milei and Luis Caputo will meet a select group of investors and company representatives in New York on Friday.
Cabinet changes Milei moves to ‘purify’ Cabinet, leaving PRO outside looking in 01-11-2025 12:08 Guillermo Francos departs with Manuel Adorni replacing him; Santiago Caputo set for key role; President Milei set to centralise and consolidate power in bid to forge a ‘pure’ libertarian Cabinet.
POLITICS Milei delays Cabinet changes after electoral triumph 30-10-2025 00:27 President says that he may avoid further modifications until change of Congress on December 10.
ELECTION REPERCUSSIONS Wall Street banks say Milei now has a chance to freely float peso 27-10-2025 17:57 Financial giants see a favourable scenario for Argentina to move towards a floating exchange rate for the peso and reignite a plan to rebuild reserves.
ELECTIONS 2025 Argentines cast ballots in make-or-break midterm for Milei 26-10-2025 15:14 Argentina is voting Sunday in a midterm election that will serve as a crucial referendum on President Javier Milei’s ambitious austerity policies.
US BAILOUT OF ARGENTINA Bessent’s intervention in Argentine peso soars past US$1 billion 25-10-2025 16:10 The US spent an amount well in excess of US$1 billion this month acquiring Argentine pesos, according to market estimates.
COST OF POWER Milei spent around US$7.4bn protecting dollar pre-election 25-10-2025 16:03 Sunday’s legislative elections come at a historic cost: President Milei’s government has used around US$7.4 billion – a figure that could rise to US$8.4 billion, including funds from US Treasury are included – to keep the peso-dollar exchange rate stable over the two months leading up to the vote. According to Banco Provincia, it is the fourth-largest foreign exchange intervention since 2003. by Carlos Burgueño
NEW FOREIGN MINISTER From crisis to relaunch: Quirno’s in-tray at Foreign Ministry 25-10-2025 10:03 Beyond economic matters, Pablo Quirno’s Foreign Ministry will focus on promoting abroad the core elements of Milei’s “cultural battle,” a push launched the moment the head of state took office. by Juan Pablo Kavanagh
ELECTIONS 2025: ANALYSIS Milei, the two Caputos and the two anchors 25-10-2025 06:08 Milei and the two Caputos have the path laid out for them. The “two anchors” that will give them a future are tied to applying the necessary adaptations to the economic policy plan and creating the conditions for circumstantial legislative majorities. This situation appears possible under any electoral scenario, even a potent Peronist victory. by Agustino Fontevecchia
Cabinet changes Milei names finance secretary Pablo Quirno as Argentina’s new foreign minister 23-10-2025 14:49 President Milei’s reshuffle gets underway early; Finance secretary and former JP Morgan executive Pablo Quirno, a close ally of Economy Minister Luis Caputo, named Argentina’s top diplomat following resignation of Gerardo Werthein.
POLITICS: MIDTERMS 2025 Caputo: Midterms are 'more important than 2027 presidential vote' 22-10-2025 23:44 Economy Minister Luis Caputo says current exchange rate regime “will remain exactly the same” in an attempt to dispel fears of an imminent post-election peso devaluation.
Funds and bonds Bessent steps in to protect profits of friendly investors in Argentina 22-10-2025 17:03 US Treasury Secretary Scott Bessent comes to the rescue of hedge funds including BlackRock, Fidelity, Pimco and Discovery Capital Management, all of which bought Argentine bonds. Several fund managers share a professional past with the US official.
POLITICS Cabinet reshuffle: Who will head Milei’s ministries going forward? 22-10-2025 15:05 One by one, the post-election changes President Milei is preparing for his Cabinet; Among the names being discussed are Santiago Caputo, Patricia Bullrich, Luis Petri, Guillermo Francos and more. by Alejandro Gomel
CURRENCY TURBULENCE Peso breaks losing streak amid FX intervention 22-10-2025 13:11 Argentina's peso strengthened, snapping a five-day losing streak amid continued market intervention by both the local and US governments.
US-ARGENTINA BAILOUT Bessent’s plan runs short on time to line up Argentina financing 21-10-2025 21:33 US Treasury has been floating a US$20-billion financing deal involving banks, but key details such as the debt’s terms, structure and collateral remain unaddressed.
POLITICS Milei to reshuffle Cabinet post midterm election, says report 21-10-2025 08:38 President Milei is expected to reshuffle his cabinet after Sunday's midterm elections, 'Clarín' reported Monday.
ANALYSIS On raucous outsiders and statesmen 18-10-2025 06:47 The Milei administration has shown time and time again they lack the capacity to build sustainable political alliances and that stubbornness on the economic front has led to the repetition of mistakes from the recent past. The President has shown that when political momentum is on his side, he abuses good fortune to castigate political opponents and preach cultural war. by Agustino Fontevecchia
ANALYSING ARGENTINA Yankees come home 18-10-2025 06:26 Exactly 20 years ago next month, Washington silently retreated from the region. Now it’s coming back, in full swing. by Marcelo J. García
CURRENCY WOES Peso drops against dollar amid fresh US backing 17-10-2025 18:42 Argentina's peso has been fluctuating wildly ahead of next week's midterm elections next week, disrupting the savings and spending plans of locals who fear an imminent devaluation.
BILATERAL TRADE TALKS ‘Very soon’ – Argentina’s ambassador to Washington on US trade deal 16-10-2025 15:12 Alec Oxenford confirms trade agreement between Argentina and the United States; Milei’s envoy says “significant” accord is “culmination of months of intense diplomatic effort” and could be announced “very soon.”
POLITICS & ECONOMY US$20bn currency swap could be agreed before midterms, says Bausili 16-10-2025 01:31 Economy Minister Luis Caputo and Central Bank chief Santiago Bausili say landmark currency swap deal with Trump administration could be sealed before the October 26 midterms by Santiago del Carril
POLITICS & GOVERNMENT Milei's team draws up plans for post-election Cabinet reshuffle 16-10-2025 00:39 President Javier Milei will reshuffle his Cabinet after the October 26 national elections, with a number of key figures set to take on legislative posts. Potential PRO additions and the balance of power are under review.
MARKETS Argentine assets swing on reports Bessent lining up more aid 15-10-2025 22:19 Markets react to news that US Treasury Secretary Scott Bessent is working on an additional US$20-billion facility from the private sector that would complement a currency swap line of similar size.
FINANCIAL ASSISTANCE Bessent: US working on new US$20-billion private-sector 'facility' for Argentina 15-10-2025 14:48 US Treasury Secretary Scott Bessent says he is working with private sector on another US$20-billion "facility" to support Argentina, bringing Washington's total promised assistance to US$40 billion.
POLITICS & ECONOMY Trump says ‘we’re gone’ if Milei loses vote, rattling market 14-10-2025 22:17 Donald Trump suggests US$20-billion lifeline for Argentina could be contingent on Javier Milei’s success in midterm elections, sending fresh jitters through currency market.
MONETARY POLICY Milei team sends mixed FX policy signals ahead of Trump meeting 14-10-2025 15:24 Since April, Argentina has let the peso float within a range as part of its agreement with the International Monetary Fund. However, authorities have intervened multiple times within the range.
US-ARGENTINA RELATIONS Milei at White House: Trump says US help is dependent on win in midterms 14-10-2025 15:21 Argentina's president makes long-desired visit to White House, but US President Trump says Washington's help is dependent on who wins elections.
POLITICS & ECONOMY Great expectations as Milei jets to Washington for Trump meeting 13-10-2025 22:39 President Javier Milei travels to Washington to meet Donald Trump with markets anticipating announcements and progress towards a trade deal.
US-ARGENTINA RELATIONS Milei heads to White House for political, economic lifeline 13-10-2025 17:17 Argentina's president is banking on a high-profile show of political and economic support from his US ally President Donald Trump ahead of key midterm elections.
US-ARGENTINA SUPPORT Caputo says US willing to keep buying pesos 13-10-2025 15:07 United States “is willing to continue buying pesos and bonds, and all options are on the table,” says Economy Minister Luis Caputo.
POLITICS & ECONOMY US lifeline buys Argentina time as investors urge overhaul 13-10-2025 14:58 US$20-billion lifeline will keep Javier Milei from being engulfed by a currency crisis in the run-up to key mid-term elections. The outlook after the vote is less clear.
POLITICS & CORRUPTION Espert for President! 11-10-2025 06:00 José Luis Espert’s fall from grace was dramatic, portentous. In just a few weeks, he went from one of the pillars of Javier Milei’s government to a political outcast. by Agustino Fontevecchia
ANALYSIS Bessent’s big gamble on Argentina has a narrow road to pay off 10-10-2025 10:01 For Scott Bessent’s US$20-billion bet on Argentina to pay off, a lot of things have to go right.
POLLING & SURVEYS Trump lifeline does little to boost Milei with voters in Argentina 10-10-2025 09:47 Trump’s financial assistance for Argentina may be enough to shore up local markets, but it’s doing little to boost President Milei’s standing with voters.
WASHINGTON'S RESCUE PACKAGE United States buys pesos, confirms US$20-billion lifeline for Milei 09-10-2025 18:26 Washington steps in to save Milei with direct purchase of pesos and a US$20-billion currency swap; US Treasury Secretary Scott Bessent ready to take “exceptional” measures to stabilise Argentina’s economy in the face of "acute illiquidity.”
INTERNATIONAL MONETARY FUND IMF chief: Public support is crucial for Milei’s reform push 08-10-2025 18:07 With a US$20-billion swap with the United States reportedly under discussion, IMF reinforces that Milei government's reforms will falter without popular support.
US-ARGENTINA RELATIONS Bessent hosts Caputo as Argentina-US rescue talks begin 06-10-2025 22:41 US Treasury official highlights “productive” talks as negotiations over fresh funds for Milei government continue; Argentina’s economy minister also meets IMF chief Kristalina Georgieva.
International Monetary Fund IMF chief offers Argentina show of support 03-10-2025 23:02 Efforts to stabilise Milei’s government come before crucial October 26 midterm elections where nearly half the seats in Argentina’s Congress are on the ballot.
FOREIGN POLICY US Treasury chief issues second message of support for Milei's Argentina 02-10-2025 12:03 US Treasury Secretary Scott Bessent says Washington is "fully prepared to do what is necessary" in support of Milei as he confirms Argentina is key to “maintaining a US strategic interest in the Western Hemisphere.”
ANALYSIS: SHOCK THERAPY Currency arbitrage costs Milei US$2 billion a month in Argentina 01-10-2025 12:59 A temporary surge in farm-export dollars has prompted Argentines to purchase cheap greenbacks.
INSIDE OLIVOS Few ministers on Milei’s list of recent visitors to Olivos residence 23-09-2025 13:24 Who has been visiting President Javier Milei at the Olivos presidential residence in recent months? Who is the economist who has been there more times than Economy Minister Luis Caputo? And why does a physiotherapist top the list? by Pablo Varela
MARKET REACTION Argentine assets soar as US support pledge halts market rout 22-09-2025 13:44 Bonds jumped by the most on record, stocks leaped eight percent and the currency was set for the biggest advance since May.
US-ARGENTINA RELATIONS US Treasury Secretary Bessent says all options on table to help Milei’s Argentina 22-09-2025 13:40 Options include currency swap lines, direct currency repurchases and US dollar-denominated debt from the Treasury’s exchange stabilisation fund, says US Treasury Secretary Scott Bessent.
POLITICS & CONGRESS Budget 2026: Government sends balanced bill eyeing 5% growth 16-09-2025 09:29 Government projects increases for pensions, education, health and disability programmes; Inflation in 2026 will be an annual 10.1%, according to text of bill.
IMF DEBT PROGRAMME IMF offers Milei backing, hails progress on inflation, fiscal reform 11-09-2025 14:25 IMF praises Milei inflation drop, cautions over market volatility; No immediate concerns over peso intervention, says Fund spokesperson.
GOVERNMENT & POLITICS Milei revives Interior Ministry in nod to governors, appoints Catalán 10-09-2025 11:33 Position had been previously scrapped by government; Lisandro Catalán will join Cabinet Chief Guillermo Francos and Luis Caputo on newly-formed “Mesa Federal,” bid to restore dialogue with provincial governors.
ELECTIONS 2025: BUENOS AIRES PROVINCE Milei admits ‘electoral setback,’ vows ‘not to repeat mistakes’ 08-09-2025 00:14 “Not only do we confirm our path, we will accelerate and deepen it further,” declares head of state after damaging defeat in Buenos Aires Province.
POLITICS – ANALYSIS Between heaven and hell 16-08-2025 06:22 As Milei and his economic team struggle to contain financial stress, his popularity and therefore expected electoral victory is under threat. by Agustino Fontevecchia
IMF DEBT PROGRAMME IMF relaxes Argentina’s reserves target by US$5 billion in 2025 02-08-2025 19:25 IMF offers President Javier Milei's government breathing room on a key benchmark target, making it easier for the country to continue with its US$20-billion funding programme.
POLITICS – ANALYSIS Caputo’s ‘buy ‘em up champ’ and Milei’s ‘Epstein moment’ 20-07-2025 17:32 Leonardo Scaturicce is said to have been instrumental in staffing the DGI tax office which remains under operational control of Santiago Caputo, as does the SIDE spy agency. by Agustino Fontevecchia