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Milei scores win with US$1-billion repo from five top banks
6 days ago · A senior government official told Bloomberg News earlier Friday that the new financing would be used to pay Argentina’s bondholders in July, given the monetary authority already has the money to make about US$4.7 billion of …
Argentina seeks its first wheat shipments to China in decades
Nov 30, 2024 · The province, home to Argentina’s prime wheat region, will contribute to a broader production rebound after a La Niña climate system that threatened to parch fields again largely dissipated — helping President Javier Milei’s plan to kick-start an ailing economy.
The spending cuts that allowed Milei to turn around the economy
Apr 23, 2024 · The report said: “It was found that pensions withstood 35 percent of the total reduction, real direct investment 15 percent, transfers to provinces 13 percent, energy subsidies nine percent and salaries seven percent, among the most significant ones.”
Inflation slowdown continues, decelerating to 2.4% in November
Dec 11, 2024 · Inflation slowdown in Argentina continues, decelerating to 2.4% in November. Data from the INDEC national statistics bureau shows consumer prices increased by 2.4% last month, below the expectation of analysts and markets.
From ‘assassins’ to ally? Milei caps turnaround by meeting China's Xi
Nov 19, 2024 · Milei, 53, published a photograph of the encounter on his social media accounts showing the two leaders shaking heads. “During this meeting, issues of relevance to the bilateral relationship were discussed, including constructive cooperation and the expansion of trade relations between the two countries,” read a statement issued by Argentina’s Presidency.
Why Milei can’t lift currency controls any time soon
Oct 16, 2024 · Argentina has had strict currency controls in place for the past nine out of 13 years. They include a tightly managed exchange rate that is on average 20 percent stronger than the market rate.
Milei promises inflation will soon be a 'bad memory' in first ...
Dec 10, 2024 · In a ‘Cadena Nacional’ national broadcast at 9pm local time, Milei also vowed to pursue a free-trade deal with the United States and remove the so-called ‘cepo,’ Argentina’s byzantine system of capital and currency controls, in the next 12 months. "Happy times are coming in Argentina," Milei predicted in his anniversary speech, in which he celebrated progress on monthly inflation ...
Milei is Argentina’s most popular leader but disapproval grows
Oct 31, 2024 · Most are against privatising all state-run companies as the president would like to do; those in favor of the price controls he’s scrapped outnumber those who prefer businesses to decide; and more than 60 percent of respondents say the government needs to improve its relationship with Brazil after the libertarian traded insults with President Luiz Inácio Lula da Silva.
The ecstasy of Javier Milei | Buenos Aires Times
Nov 30, 2024 · A very successful tax moratorium/whitewash together with booming financial markets have allowed Caputo to keep the value of the multiple peso-dollar exchange rates under control, together with the ‘cepo’ currency controls.Fresh funds from the International Monetary Fund (IMF) and other multilateral organisations, along with real economy investments, are a necessary next step, together with ...