The streets of Buenos Aires woke up to a calm Monday morning on 20 November after Argentina overwhelmingly voted to elect Javier Milei as president. Milei’s supporters celebrated at the famed Obelisk in the city center until early in the morning, but what comes next?
Horizon Engage hosted an exclusive event with our Argentina expert based in Buenos Aires, Marcelo Garcia, a month before an election that could open a radical new era for the country. The discussion examined possible scenarios, opportunities and risks ahead for investors as the country enters unchartered territory.
After his victory in the 13 August primaries, libertarian economist Javier Milei is now the obvious frontrunner in Argentina’s presidential race. As his chances of winning the presidency grow, Milei has begun assembling more detailed plans for his potential time in office — including significant goals for the energy sector that may have a hard time getting through Congress.
The Argentina-IMF deal is a lifeline for Finance Minister Sergio Massa because it puts off devaluating the peso until after the October presidential election.
Economy Minister Sergio Massa and YPF Chairman Pablo Gonzalez said that YPF is looking for partners to explore Palermo Aike, an area in southern Patagonia that is seen as a smaller version of Vaca Muerta.
In Argentina, La Rioja Governor Ricardo Quintela signed legislation that declares lithium “a strategic resource” in the context of the energy transition.
In her first full week in office, Economy Minister Silvina Batakis gave prominence to energy sector affairs, even though she faces a challenging macroeconomic scenario that is pointing toward a possible devaluation of the peso.