Argentina
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World Bank nudges up Latin America growth forecast to 2.3% but warns of skills shortage
The World Bank expects Latin America and the Caribbean’s economy to expand 2.3% in 2025, a slight uptick from 2.2% in 2024, with growth projected to reach 2.5% in 2026.
Milei stages rock concert as Argentina's economy falters
Argentine President Milei launched his new book with a rock concert-style event at Buenos Aires' Movistar Arena on October 6, performing anthems before nearly 15,000 supporters as his administration faces political and economic turmoil.
Telefónica's mass redundancy plan signals deepening Latin American retreat
Spanish telco giant Telefónica SA is preparing to unveil a sweeping redundancy programme affecting more than 6,000 workers before year-end, marking the telecommunications company's most extensive workforce reduction in recent memory.
LONG READ: Trade is the glue that holds Global Emerging Markets Institutions together
The world order is changing. The emerging markets are coming of age and they are setting up a raft of largely non-Western Global Emerging Markets Institutions (GEMIs) to coordinate their lives. Trade is the glue that binds them together.
LONG READ: The GEMIs, the Global Emerging Markets' interlocking institutions
The international order is breaking up as the Global Emerging Markets build a raft of new non-Western interlocking international institutions to run their vision of a new multipolar world order.
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EU presses ahead with December signing of divisive Mercosur deal
The European Commission is gearing up to sign its contentious trade agreement with South American bloc Mercosur on December 5 in Brazil, possibly sealing the fate of an accord that has languished in negotiations for more than a quarter-century.
Milei to meet Trump at White House as Argentina seeks $20bn swap before election
Argentine President Javier Milei will meet US President Donald Trump at the White House on October 14, less than two weeks before congressional elections that could determine the fate of the libertarian leader's economic reforms.
LATAM BLOG: Friends till the end? Trump's costly loyalty to Latin America's strongmen
Trump bails out Argentina with $20bn while slapping 50% tariffs on Brazil to protest Bolsonaro's coup conviction. His ideology-driven policy risks pushing both nations toward China—exactly what Washington hoped to prevent.
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McEwen Copper's $2.7bn Los Azules project wins Argentina approval
Argentina approves McEwen Copper's Los Azules project for RIGI tax incentives, positioning the country to re-enter copper production by 2029 as global supply deficits emerge and demand soars for the critical metal.
Argentina's Milei criticises UN in fiery General Assembly address
Argentine President Javier Milei delivered a scathing critique of the United Nations during his address to the 80th General Assembly on September 24, accusing the organisation of "overreach" while calling for fundamental reforms.
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Argentina reinstates grain export taxes after $7bn sales cap reached
Argentina has restored export taxes on grains and their derivatives after reaching its predetermined $7bn sales threshold in just three days, bringing an abrupt end to a tax holiday that had triggered intensive Chinese buying.
COMMENT: China trumps Trump on soy
Beijing has used a third party – Argentina - as a bit-player of sorts with which to score points.
US in talks for $20bn Argentina swap line as Trump gives Milei full backing
Washington and Buenos Aires are negotiating a potential $20bn currency swap arrangement as the United States prepares to deploy an array of financial instruments to support Argentina's beleaguered economy.
Spain pushes for swift EU-Mercosur deal ratification as December signing looms
Spain has intensified calls for the swift ratification of the EU-Mercosur trade agreement, with Agriculture Minister Luis Planas declaring that "not a minute should be wasted" on a deal that could be signed as early as December.
Argentine markets rally as Milei seeks US lifeline ahead of Trump meeting
Argentine assets surged on September 22 as the US Treasury pledged unprecedented backing for President Milei's struggling government.
China rejects US "bullying" over Latin American partnerships
China has once again rejected American efforts to pressure Latin American nations into reducing ties with Beijing, with a foreign ministry spokesperson asserting the region's right to choose its own development partners independently.
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Latin America's development gains under threat as one in four live in poverty, UN report finds
UNDP warns of stagnation and rising vulnerability across the region amid "overlapping crises".
Extreme poverty falling steadily – OWID
To track progress towards ending extreme poverty, the United Nations relies on World Bank estimates of the number of people living below a poverty threshold called the “International Poverty Line” (IPL), Our World in Data (OWID) reports.
IMF gives guarded nod to Argentina's currency interventions
The IMF has signalled cautious backing for Argentina's recent foreign exchange market interventions whilst urging greater transparency in currency management, as President Milei faces mounting political pressure.
President Javier Milei confirms date to announce Argentina's 2026 budget
Argentina's president will give a speech on September 15 evening, hours before the mandated budget deadline, which could imperil his cost-cutting administration.