Argentina

Economics

Politics

Argentina's Chamber of Deputies approved a package of economic reform measures that create incentives for foreign investment, open the door to the privatization of a handful of state-owned enterprises, lower the cost of firing workers, and deregulate the oil and gas sector, Bloomberg reported on June 28.

Argentina: Chamber of Deputies Passes Significant Package of Economic Reforms

Argentina's Senate approved a large package of economic reforms, including the creation of a Large Investment Incentive Regime (or RIGI in Spanish), the privatization of a handful of state-owned enterprises, and a modest labor reform, La Nacion reported on June 13.

Argentina: Senate Approves Package of Economic and Tax Reforms

Military & Security

Argentina's official statistics office announced that the country's monthly inflation rate fell to 8.8% in April, marking the fifth consecutive monthly fall from 25.5% in December 2023, when President Javier Milei was inaugurated, Buenos Aires Times reported on May 14.

Argentina: Inflation Falls for Fifth Consecutive Month

Argentine Foreign Minister Diana Mondino formally began the process for Argentina to join the Organization for Economic Cooperation and Development, or OECD, CNN reported on May 2.

Argentina: Buenos Aires Begins Formal Process To Enter OECD

Argentina's Chamber of Deputies will start debating a watered-down version of the government's "omnibus bill," a package of economic reforms that previously failed due to insufficient congressional support, La Nacion reported on April 29.

Argentina: Chamber of Deputies Starts Debate on Updated 'Omnibus Bill'

Hundreds of thousands of people took to the streets of Argentina's major cities to protest spending cuts in public education, Clarin reported on April 23.

Argentina: Demonstrators Protest Public Spending Cuts Nationwide

Argentine President Javier Milei announced that in the first quarter of 2024, Argentina reached a fiscal surplus of 0.2% of gross domestic product due to severe spending cuts and the halting of public works, marking the country's first quarterly fiscal surplus since 2008, Bloomberg reported on April 22.

Argentina: President Announces First Quarterly Fiscal Surplus in 16 Years

United Kingdom

Environment, Science & Technology

Science & Technology

Argentina's government formally requested to join NATO as a global partner during talks in Brussels, Belgium, between NATO's Deputy General Secretary Mircea Geoana and Argentine Defense Minister Luis Petri, AP reported on April 18. 

Argentina: Government Requests To Join NATO as Global Partner

Snapshots

Bolivia

Brazil

Paraguay

Uruguay

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

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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.

Energy

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

Colombia

El Salvador

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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.

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?

Columns

On Security

Chile

Costa Rica

Ecuador

Guatemala

Policemen guard the car of Mayor Luis Chonillo after an attack on the official May 15, 2023, in Duran, Ecuador. Governments can take steps to stave off a surge in violence, but for many in the region, such measures will be politically and economically out of reach.

Governments can take steps to stave off a surge in violence, but for many in the region, such measures will be politically and economically out of reach.

Forecasting Latin America's Next Crime Hotspot After Ecuador

On Geopolitics

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Mali

Niger

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In this scorecard, we take a critical look at our successes and slip-ups in forecasting geopolitical events over the past year.

Grading Our 2023 Annual Forecast

A graph falling down in front of the Argentine flag.

Argentina's governmental push to deregulate its economy and strengthen competition in the private sector is set to face significant challenges in the short term but will prove a more attractive business environment in South America's second-largest economy in the long term.

In Argentina, the Challenges and Benefits Facing Milei's Deregulation Push

A vendor sells newspapers showing the inauguration of Argentine President Javier Milei on the covers in Buenos Aires, Argentina, on Dec. 11, 2023. 

Argentina's forthcoming austerity measures will likely benefit the country's economy in the long term, but until then, risks of social unrest will remain high.

Argentina Braces for Painful Economic Measures Under Its New President

Egypt

Vietnam

Europe

A campaign poster for incoming Argentine President Javier Milei on Nov. 30, 2023, in Buenos Aires, Argentina. Milei plans to immediately send a package of economic reforms to the Argentine legislature.

The Weekly Rundown: Xi's Vietnam Visit, Egypt's Presidential Election

(From left to right) The presidents of Argentina, Paraguay, Brazil, Uruguay and Bolivia pose for photographs during the annual Mercosur leadership summit on Dec. 7, 2023, in Rio de Janeiro, Brazil.

The addition of Bolivia's small market will yield limited economic gains for the South American trade bloc, and may ultimately result in more internal disputes and challenges due to the country's political turbulence and poor environmental record.

For Mercosur, Bolivia's Accession May Bring More Headaches Than Benefits

Argentine President-elect Javier Milei (center) speaks to supporters, accompanied by his running mate Victoria Villarruel (left) and his girlfriend Fatima Florez (right) in Buenos Aires, Argentina, after winning the presidential runoff on Nov. 19, 2023. 

Milei will struggle to enact his pledged structural reforms, like dollarization, due to a lack of support in Congress, which will likely see him instead pursue unpopular spending cuts that could destabilize his new government.

Argentina Has Elected a Libertarian President-What Now? 

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: Chamber of Deputies Passes Significant Package of Economic Reforms

Argentina: Senate Approves Package of Economic and Tax Reforms

Argentina: Inflation Falls for Fifth Consecutive Month

Argentina: Buenos Aires Begins Formal Process To Enter OECD

Argentina: Chamber of Deputies Starts Debate on Updated 'Omnibus Bill'

Argentina: Demonstrators Protest Public Spending Cuts Nationwide

Argentina: President Announces First Quarterly Fiscal Surplus in 16 Years

Argentina: Government Requests To Join NATO as Global Partner

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