The Economy Ministry passed its last financial test of the year this Wednesday, successfully placing bonds for AR$326.61 billion. The auction means the government ended 2023 with net financing of AR$700 billion. The financial instrument menu was made up of three bonds: the “Lelite”, with a January maturity …
The informal or “blue” dollar has skyrocketed to a record-breaking AR$359, its highest nominal value ever recorded. The Economy Ministry believes the leap is being driven by demand from small savers buying greenbacks in preparation for the upcoming tax amnesty, as well as seasonal demand. The current value …
Lula da Silva’s return to power in Brazil will change the region’s political course and strengthen integration. After meeting with the future Ministers of Finance and Industry, Sergio Massa returned from Sao Paulo with the first signs of this trend. Negotiations are moving forward with the main trading …
The Economy Ministry established this Monday that the commercial agreement underpinning current price caps will remain in force until December 2023. The “Precios Justos” (Fair Prices) program, which was implemented in November, froze the value of 1,907 products and set a maximum monthly price rise of 4% for …
The Economy Ministry is drafting a tax amnesty bill for Argentines with money, goods, or financial assets in undeclared accounts. The project, which will be presented in Congress in the coming days, comes after Economy Minister Sergio Massa signed a FATCA (Foreign Account Tax Compliance Act) agreement with …
Yesterday, the Executive Board of the International Monetary Fund (IMF) completed the third review of Argentina’s 30-month deal signed in March. The approval means that the IMF immediately allowed a disbursement of about US$6 billion, which brings the total so far to about US$ 23.5 billion. Some US$ …
The Minister of Economy, Sergio Massa, launched this Thursday stages 4 and 5 of the “Gas Plan” which will extend up until 2028 and, according to official calculations, and represent savings of US$ 2.2 million in energy subsidies next year as well as US$3,5 billion in exports. The …
The Executive Board of the International Monetary Fund (IMF) will meet this Thursday to discuss the third review of Argentina’s agreement with the agency, a source with knowledge of the matter told the Herald. If approved, that would mean that the country would have access to about US$6 …
The Argentine government will receive tax information on undeclared financial accounts in the US belonging to Argentine citizens, but not until September 2024. The exchange comes after the countries signed a deal known as a FATCA agreement (Foreign Account Tax Compliance Act) earlier this month. The fine print …
