Argentina
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Latin America edges up growth forecasts but remains trapped in low gear, ECLAC says
Latin America and the Caribbean will expand 2.4% this year, the Economic Commission for Latin America and the Caribbean said, marking the second upward revision since April but pointing to the region's struggle to escape chronically weak growth.
LATAM BLOG: Will Argentines give austerity more time to work?
Argentines vote on October 26 in legislative elections that will determine whether libertarian President Milei can sustain his radical economic overhaul or face paralysis in Congress.
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Revolut clears final hurdle for Mexico banking debut
Revolut has received final authorisation from Mexico's banking regulator to commence operations, positioning the London-based fintech to launch services within weeks.
US may double support for Argentina to $40bn conditional on policy reforms
Washington buys Argentine pesos and mulls creating a new private sector-led $20bn debt facility, which would bring total support to $40bn with the existing swap line, Treasury Secretary Bessent said.
IMF: Global economic outlook shows modest change amid policy shifts and complex forces
Dialing down uncertainty, reducing vulnerabilities, and investing in innovation can help deliver durable economic gains.
Trump's $20bn boost for Argentina comes with electoral strings
Argentine President Javier Milei met with US President Donald Trump at the White House on October 14 to strengthen bilateral ties, securing a crucial - but conditional - endorsement ahead of Argentina's midterm legislative elections.
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Argentina to use US currency swap to cover FX debt payments
Argentina has confirmed that its $20bn currency swap agreement with the United States can be deployed to cover foreign currency debt payments in 2026 if the country cannot secure refinancing in voluntary markets.
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OpenAI to invest up to $25bn in Argentina under Milei incentive scheme
Artificial intelligence giant OpenAI and energy company Sur Energy have signed a letter of intent to develop a data centre hub in Argentina requiring investment of up to $25bn.
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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.