Javier Milei’s spokesperson described the deal with the lender as having ‘virtually fallen through’

The payments are for commitments to the International Monetary Fund, sovereign bonds, the Paris Club, and other international organizations 

From the the elections that swept Javier Milei to power to a crippling drought and knife-edge debt negotiations, here’s the overview you need going into 2024

The government heavily criticized the previous administration’s subsidies and announced that further increases are on the way

The first round of bidding ended Thursday with 34 offers amounting to only US$68 million

If approved, the new law would eliminate benefits for the local market and impact domestic fuel prices  

The BONCER bonds mature in February 2025

Starting on Wednesday, 20 basic basket products will have a 20% discount for the next 60 days

A spokesman for medium-sized companies supported the decision, saying that the previous arrangement was ‘Kafkaesque’