Argentina

Economics

Argentina eased capital controls on April 14 after the International Monetary Fund confirmed a new $20 billion loan to the country on April 11, Clarin reported on April 14. 

Argentina: Easing Capital Controls To Boost Investor Confidence, but Uncertainty Will Persist

Politics

The International Monetary Fund reached a staff-level agreement with Argentina on a $20 billion, four-year Extended Fund Facility, El Pais reported on April 8. 

Argentina: IMF Deal To Further Stabilize Argentina's Economy

Argentina's Economy Minister Luis Caputo announced that its forthcoming deal with the International Monetary Fund will be for $20 billion of fresh funds, although the IMF executive board could take weeks to approve the agreement, Bloomberg reported on March 27.

Argentina: IMF Deal Details To Ease Short-Term Market Concerns

Military & Security

The Argentine police detained 124 people after union members and soccer fans joined a pensioners' anti-government demonstration and clashed with security forces near Congress in Buenos Aires, Clarin reported on March 12. 

Argentina: Crackdown on Protest To Hurt President's Popularity and Risk More Demonstrations

Argentine investors and politicians have filed more than 100 lawsuits since Feb. 14, when President Javier Milei promoted on X a crypto coin that surged and collapsed in a matter of hours, causing up to $4 billion in losses to more than 40,000 people, El Pais reported on Feb. 18.

Argentina: Crypto Scandal To Undermine President's Credibility, but Impeachment Remains Unlikely

Argentina lowered export taxes for agribusinesses by 20% until June amid growing farmers' and some governors' complaints about lower commodity prices and a stronger peso, El Pais reported Jan. 24. 

Argentina: Export Tax Reduction to Aid Agribusinesses but Undermine Revenue Collection 

Argentina's central bank announced it will slow the rate of the country's peso devaluation to 1% a month starting in February, from the current pace of 2%, after monthly inflation stayed below 3% for the third consecutive month in December 2024, El Pais reported on Jan. 14.  

Argentina: Government Progresses Macroeconomic Normalization, Likely Improving Business Conditions

Argentina secured a 28-month $1 billion repurchase agreement with five international banks, and the new cash will help the Central Bank shore up foreign exchange reserves, Bloomberg reported on Jan 3. 

Argentina: Repurchase Agreement Marks Win for Milei and Moves Argentina Closer to Capital Controls Lift

Snapshots

Aerial view of 9 de Julio Avenue in Buenos Aires, Argentina, is seen on April 10, 2025, during a 24-hour strike called by workers' unions against the economic policies of President Javier Milei. 

The $20 billion bailout package will reduce financial risks amid Argentina's ongoing macroeconomic adjustment, but the threat of policy slippage will increase ahead of the 2027 presidential election.

What To Make of Argentina's Latest IMF Deal

The headquarters of Argentina's central bank is seen in Buenos Aires on Feb. 20, 2025.

A new IMF program would improve Argentina's short- and medium-term economic and financial outlook in the face of limited international financial market access and negative foreign exchange reserves.

Argentina's Milei Signs Decree To Clear the Way for a New IMF Deal

Assessments

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Cyber

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RANE's Top 10 Risks for 2025 highlights high-impact, low-probability risks and trends from the annual forecast presented in more extreme terms.

RANE's Top 10 Risks for 2025

President of Argentina Javier Milei speaks during a joint declaration with Prime Minister of Italy Giorgia Meloni (not in frame) on Nov. 20, 2024, in Buenos Aires, Argentina. 

Despite rising poverty and protests, Argentina's President Javier Milei will maintain enough support in 2025 to advance economic reforms that stabilize inflation, attract investment and gradually ease capital controls.

What to Expect From Argentina After Milei's First Year in Office 

Bolivia

Paraguay

Uruguay

Europe

Germany

France

(From left to right) Argentine President Javier Milei, Uruguayan President Luis Lacalle Pou, European Commission President Ursula von der Leyen, Brazilian President Luiz Inacio Lula da Silva and Paraguayan President Santiago Pena pose for a photo during the Mercosur summit in Montevideo on Dec. 6, 2024. 

Global Trade

The agreement offers significant market access and diversification opportunities for both trade blocs, but it also faces a complex ratification process and potential political backlash in Europe.

25 Years in the Making: Reviewing the EU-Mercosur Trade Deal

Americas

Chile

Colombia

Cuba

El Salvador

Guatemala

Honduras

Nicaragua

Venezuela

U.S. border patrol officials drive near the wall along the Mexican border in Sasabe, Arizona, on Dec. 8, 2023. 

The fallout from Trump's pledged tariffs and mass deportations could worsen living conditions in countries like Mexico, though countries with like-minded leaders, like Argentina, may fare better.

What Trump's Focus on Immigration, Trade and Ideology Means for Latin America

Argentine President Javier Milei gestures before presenting the 2025 budget proposal to Congress in Buenos Aires on Sept. 15, 2024. 

Since taking office last year, President Milei has made solid progress toward lowering inflation and debt levels. But without wider-ranging institutional reforms, Argentina will remain susceptible to recurrent economic instability and financial crises.

Milei Puts Argentina's Economy on Better Footing. Can It Last?

An illustrated map shows Mercosur countries.

Stalled trade deals and dwindling intra-bloc commerce will leave the South American trade bloc in a deadlock, likely resulting in only minor rule changes to prevent Mercosur's dissolution.

Mercosur's Latest Meeting Highlights Its Growing Stagnation

Democratic Republic of the Congo

Peru

Palestinian Territories

Spain

Spanish Prime Minister Pedro Sanchez and his wife, Begona Gomez, arrive Oct. 5, 2023, at the Carlos V Palace at the Alhambra in Granada, Spain. Sanchez is expected to make an announcement about his political future on April 29 following his surprise decision April 25 to suspend public appearances after a court in Madrid announced an investigation into his wife for alleged influence-peddling and corruption.

Israel-Hamas Conflict

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: South American Foreign Ministers Visit China, the Spanish Premier Announces His Political Future

The Argentine state-owned oil and gas company YPF’s refinery in Berisso, Buenos Aires, is seen on Oct. 18, 2022.

Political and economic challenges will impede the Milei government's plans to unleash the country's Vaca Muerta shale formation by deregulating the oil and gas sectors, at least in the short term.

Gauging the Outlook for Energy Reforms in Argentina

Panama

Flooding on the Rimac River on March 18, 2017, in Chosica, at the foot of the Andes east of Lima, Peru. The current El Nino contributed to floods, crop failure, heat waves and drought across Latin America in 2023, and its effects will persist until it lifts in the second quarter of 2024.

Environment, Science & Technology

Science & Technology

The current El Nino contributed to floods, crop failure, heat waves and drought across Latin America in 2023, and its effects will persist until it lifts in the second quarter of 2024.

How El Nino Will Impact Latin America in 2024

Different currency exchanges are seen outside the Mexican Stock Exchange building at Reforma Avenue in Mexico City on Jan. 5, 2024. 

Mexico and Brazil are better positioned to take advantage of falling U.S. interest rates than Argentina, where political and economic uncertainty will remain high as its new president's reforms are tested.

How Will Changing Global Conditions Impact Latin America's Largest Economies?

Argentina is one of the most resource-rich countries in the world and faces few immediate external threats. The South American country is bound in the north by the rivers of the Rio de la Plata drainage basin, in the west by the Andes Mountains, and in the east by the Atlantic Ocean. Its core territory is the fertile Humid Pampas region, which includes the populous capital city of Buenos Aires. This area is the heart of Argentina’s large agricultural sector, supported by soybeans, wheat, corn and yerba mate. The areas west and south of this core area much more arid and rural but are rich in oil and natural gas. The Andes Mountains, towering to nearly 7,000 meters (23,000 feet), form a natural barrier between Argentina and Chile and protect Argentina's western flank. This protection adds to the natural protection afforded all of South America by its geographic isolation. The only local threat to Argentina is Brazil's growth, which poses a risk to Argentina's control over the all-important Rio de la Plata drainage basin. Argentina's biggest security concern has always been any possible blockade of this basin or of the Port of Buenos Aires, located at the mouth of the river. However, South America's relative isolation and Brazil’s historical weakness have protected post-Colonial Argentina. From its secure position, Argentina has been able to develop the strong agriculture and energy export markets that have made the country wealthy. However, its intrinsic security has also allowed Argentina to become overly focused on domestic issues and has contributed to its failure to develop stable institutions. 

SITUATION REPORTS

Argentina: Easing Capital Controls To Boost Investor Confidence, but Uncertainty Will Persist

Argentina: IMF Deal To Further Stabilize Argentina's Economy

Argentina: IMF Deal Details To Ease Short-Term Market Concerns

Argentina: Crackdown on Protest To Hurt President's Popularity and Risk More Demonstrations

Argentina: Crypto Scandal To Undermine President's Credibility, but Impeachment Remains Unlikely

Argentina: Export Tax Reduction to Aid Agribusinesses but Undermine Revenue Collection

Argentina: Government Progresses Macroeconomic Normalization, Likely Improving Business Conditions

Argentina: Repurchase Agreement Marks Win for Milei and Moves Argentina Closer to Capital Controls Lift

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