In an effort to boost sales, the national government cut nearly 1,000 sector regulations, but not everyone is on board
Economics
A Wall Street Journal report said banks are now discussing a US$5 billion short-term loan instead. Minister Luis Caputo denied ever discussing a bailout with banks and said the news is meant to ‘spread confusion’
With country risk down, analysts calculate the sector has the potential to hit US$5 billion in corporate bonds before the end of the year
The joint statement, published initially by the White House, states that the two will ‘open their markets to each other on key products’
IMF urges Argentina to accelerate reserve accumulation during ‘window of opportunity’
Speaking at an event, Economy Minister Luis Caputo seemingly agreed with the bid, pledging to accumulate more reserves ‘than anyone might think’
The economy minister pointed to Peronism in a response to critics who posit that the peso is artificially overappreciated
The figure marks the third monthly rise in a row, but year-on-year inflation is the lowest since July 2018
US Treasury Secretary says Argentina has activated the currency swap
Although no Argentine authorities have confirmed it, Bessent said that ‘a small amount’ of the US$20 billion credit line has been used
Argentina’s Milei lambasts plan to tax cash withdrawals as debate sparks online
A project by a former deputy economy minister caused reactions from all sides, with the president calling the author a ‘thief’