Argentina & Brazil: Presidential Divorce, Energy Wedding?
Presidents Milei and Lula are not on speaking terms, but can energy integration in the Mercosur bloc move ahead nonetheless, driven by private sector initiative?
Latest analysis from Horizon Engage experts on Argentina.
Presidents Milei and Lula are not on speaking terms, but can energy integration in the Mercosur bloc move ahead nonetheless, driven by private sector initiative?
Argentina, Bolivia and Chile have two things in common. One is geographical: they share sections of the Andes range of mountains. The other is geological and becomes economic: together, they have more than half of the world’s lithium reserves. Lithium, at least until technological prowess finds a better way, is crucial for the energy transition.
In Latin America, there seems to be no ideological pattern but rather soloists who are too preoccupied with internal issues to care about diplomatic subtleties.
The Milei administration recently announced that in January it achieved a monthly budget surplus, Argentina’s first in almost 12 years. This is good news for the government after a major setback in Congress earlier this month. The bad news is a severe recession already showing in the official data.
The Milei administration recently announced that in January it achieved a monthly budget surplus, Argentina’s first in almost 12 years. This is good news for the government after a major setback in Congress earlier this month. The bad news is a severe recession already showing in the official data.
Argentina will soon start looking for a “second Vaca Muerta” in the South Atlantic Ocean, with drilling scheduled to begin off the coast of Buenos Aires.
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.