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Libertarian lawmaker Javier Milei leads crucial primary vote with stronger-than-expected performance that upends presidential race, increasing uncertainty ahead of October election.
(Bloomberg) -- From ditching the struggling peso to eventually eliminating Argentina’s central bank, outsider presidential candidate Javier Milei has vowed to implement a series of bold — and perhaps unfeasible — measures to pull South America’s second-largest economy from the brink of a meltdown.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to
Decades of failed policies and repeated debt defaults have led the country to 116% inflation. The question is who, if anyone, can avert a crash.
(Bloomberg) -- The International Monetary Fund expects to conclude a review of its $44 billion financing program to Argentina in the coming days, potentially giving the South American nation a lifeline to keep its economy afloat until a new president takes office in December.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy
(Bloomberg) -- Argentina Economy Minister Sergio Massa said Sunday night that the International Monetary Fund would disburse funds to the government in August and November after a staff-level agreement of its $44 billion financing program is reached sometime this week. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South