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Milei Government Stakes Credibility on ‘All-or-Nothing’ Budget Vote in Argentine Senate
In a high-stakes legislative gamble deemed “all-or-nothing,” the Argentine government is pushing for Senate approval of the 2026 National Budget bill in a challenging post-holiday session. The passage of this fiscal framework is essential for the administration of President Javier Milei, not only to project stability to international markets but, critically, to advance negotiations with…
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Argentina Ends Eight-Year Debt Hiatus with New Dollar Bond Issuance
Minister of Economy Luis Caputo confirmed this week that the Argentine government is returning to the capital markets, announcing a highly anticipated debt auction designed to refinance future maturities and bolster the Central Bank’s net reserve accumulation efforts. The issuance is the first sovereign dollar-denominated bond since January 2018, when Caputo, then serving as Finance…
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Federal-Provincial Clash Intensifies: Buenos Aires Threatens Legal Action After Milei Government Signals Debt Blockage
The simmering fiscal tension between the administration of President Javier Milei and the powerful Province of Buenos Aires, governed by Peronist Axel Kicillof, has erupted into a full-blown political and legal confrontation following the province’s successful legislative push for massive new debt.
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Kicillof Secures $3.6 Billion Debt Authorization After Costly Political Deal-Making in Buenos Aires
In a marathon legislative session that stretched into the early hours of Thursday morning, Buenos Aires Governor Axel Kicillof successfully navigated complex internal and external political hurdles to secure authorization for a crucial debt package totaling just over $3.5 billion to $3.685 billion. The massive borrowing authority is essential for managing provincial commitments due in…
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IMF Warns Argentina on Reserve Goals, Demands ‘More Ambitious’ Accumulation Path
Speaking from Washington, IMF Communications Director Julie Kozack delivered a carefully balanced assessment of Argentina’s economic program this week, praising the government’s sustained efforts toward macro-stabilization but issuing a firm warning that the path to rebuilding international reserves remains fraught with difficulty.
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Argentina’s Food Price Slowdown Fuels Hopes for Broader Inflation Dip
Argentina is closely watching for the official release of its May Consumer Price Index (CPI) on June 13, with growing optimism driven by a significant slowdown in a key component: food and beverages. Preliminary data from multiple private consulting firms suggest that price increases in this crucial sector have sharply decelerated, and in some cases…
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Argentina’s ‘Fiscal Innocence’ Bill Seeks to Legalize Undeclared Dollars and Revamp Tax System
Key Takeaways Argentina’s government has introduced the “Principle of Fiscal Innocence” law, a sweeping reform aiming to liberalize the tax regime and encourage the formalization of undeclared wealth. The proposed legislation drastically raises thresholds for tax evasion crimes and shortens statutes of limitations, while offering new mechanisms for taxpayers to regularize past financial irregularities. A…
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Argentina and Italy Cement Landmark LNG Export Deal for Vaca Muerta Gas
Key Takeaways Argentina’s state oil company YPF and Italian energy giant Eni formalized a strategic agreement to develop a large-scale liquified natural gas (LNG) export project from the Vaca Muerta shale formation to Europe. The initiative, witnessed by Presidents Javier Milei and Giorgia Meloni, involves an estimated investment of at least US$10 billion, focusing on…
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Dual Reality of Consumption in Argentina: A Tale of Two Economies
Key Takeaways: Argentina’s economy is experiencing a dual reality, with some sectors growing strongly, such as real estate, automotive, and electronics, while others, like mass consumption and retail, struggle to recover. The country’s consumption patterns are increasingly fragmented, with a 30% of the population, mainly from the private sector and self-employed, driving growth, while the…