Argentina

Economics

Politics

Argentine President Javier Milei's governing Liberty Advances (LLA) party won the country's legislative elections with 41% of votes nationwide versus 32% for the opposition Homeland Force, Clarin reported Oct. 26.

Argentina: Government Victory in Midterm Elections to Boost Business Confidence

United States

The United States agreed to provide a $20 billion currency swap line to Argentina, Reuters reported on Oct. 9.

U.S., Argentina: U.S. Support To Limit Financial Volatility Ahead of Election

Jose Luis Espert, Argentine President Javier Milei's main candidate in the upcoming Oct. 26 legislative elections, withdrew from running for federal deputy less than 48 hours after admitting he received payments from an Argentine businessman under investigation for drug trafficking, La Nacion reported Oct. 5.

Argentina: Milei's Main Candidate in Legislative Elections Drops Out Amid Scandal

On Sept. 22, Argentina eliminated export taxes on grains, beef and poultry until Oct. 31 amid significant financial turmoil and currency depreciation, La Nacion reported on Sept. 23. 

Argentina: Export Tax Suspension and U.S. Support To Reduce Financial Volatility in the Medium Term

Argentina's Central Bank sold $379 million on Sept. 18 to defend the peso while President Javier Milei suffered another defeat in Congress as legislators overturned a veto barring disbursing funds to provinces, El Pais reported on the same day. 

Argentina: Obstacles to Defending Peso Grow as Investor Confidence Dwindles

Argentina's center-left opposition coalition Union for the Homeland obtained 47.3% of the votes in the Buenos Aires provincial legislative elections, while the ruling Freedom Advances party gained only 33.7% of the votes, La Nacion reported on Sept. 7.

Argentina: Provincial Electoral Results in Buenos Aires To Fuel Regulatory and Financial Volatility

The Argentine government announced a change in its exchange rate policy and the Treasury will now intervene in the currency market to provide liquidity and defend the peso, Bloomberg reported Sept. 1.

Argentina: Businesses To Face Financial and Regulatory Volatility Amid Scandal, Elections

The Central Bank of Argentina raised the percentage of deposits that banks must hold in reserve to meet liabilities if withdrawals suddenly increase, Reuters reported on Aug. 26.

Argentina: Higher Reserve Requirements To Limit Inflation, Increase Credit Costs, Curb Economic Activity

Assessments

Cameroon

Cote d'Ivoire

Tanzania

China

Japan

South Korea

Netherlands

Supporters of Argentine President Javier Milei's Liberty Advances (LLA) party wave flags during a campaign rally in Rosario, Argentina, on Oct. 23, 2025.

Military & Security

U.S.-China Relations

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

The Weekly Rundown: Argentina Holds Midterm Elections, Trump Travels to Asia

Argentina's flag flutters at the Congress.

Global Elections

A weak result for the government is likely to trigger a significant peso devaluation and heightened political instability, effectively stalling the administration's pro-business legislative agenda.


The Stakes for Javier Milei in Argentina's Midterm Elections

Bolivia

Brazil

Canada

Paraguay

Uruguay

Venezuela

Lebanon

United Arab Emirates

Indonesia

Singapore

Vietnam

Europe

The Geopolitics of Trade

Global Trade

Mercosur is increasingly opening its markets in pursuit of free trade agreements with partners around the world, particularly as U.S. protectionism shifts global trade dynamics.

The Geopolitics of Trade: What Changing Trade Dynamics Mean for Mercosur

Argentina's economy minister Luis Caputo (L) and Argentine President Javier Milei walk from the Casa Rosada Presidential Palace after a meeting on April 14, 2025.

Despite recent progress, Argentina's economic and financial position remains vulnerable over the medium term.

The Challenges Facing Argentina's New IMF Program

Snapshots

A photo shows the national flags of Mercosur countries waving in the wind.

The South American trade bloc's July 2-3 summit will likely advance two key initiatives: increasing member state autonomy on tariff decisions and finalizing free trade deals with countries seeking to avoid U.S. tariffs.

The Mercosur Summit Will Focus on Advancing Tariff Autonomy and Trade Deals

Belize

Chile

Colombia

Costa Rica

Cuba

Dominican Republic

Ecuador

El Salvador

Guatemala

Guyana

Haiti

Honduras

Mexico

Nicaragua

Panama

Peru

Suriname

(L-R) Colombian Foreign Minister Laura Sarabia, Chinese Foreign Minister Wang Yi and Honduran Foreign Minister Eduardo Enrique Reina attend a plenary session of the China-CELAC ministerial meeting at the Great Hall of the People on May 13, 2025, in Beijing, China. 

Latin America and the Caribbean will welcome China's increased engagement, but strong ties to the West and China's economic slowdown will limit Beijing's influence in the region.

Despite Stronger Trade Ties, China's Influence in Latin America Will Remain Limited

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

Angola

Ghana

Kenya

Nigeria

Algeria

Iran

Iraq

Israel

Jordan

Kuwait

Qatar

Saudi Arabia

Syria

Tunisia

Turkey

Yemen

Taiwan

Ukraine

Belarus

Russia

Pakistan

World map on a dark digital background representing global communication and global finances.

Cyber

Energy

Russia-Ukraine Conflict

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 

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. 

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

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

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: Government Victory in Midterm Elections to Boost Business Confidence

U.S., Argentina: U.S. Support To Limit Financial Volatility Ahead of Election

Argentina: Milei's Main Candidate in Legislative Elections Drops Out Amid Scandal

Argentina: Export Tax Suspension and U.S. Support To Reduce Financial Volatility in the Medium Term

Argentina: Obstacles to Defending Peso Grow as Investor Confidence Dwindles

Argentina: Provincial Electoral Results in Buenos Aires To Fuel Regulatory and Financial Volatility

Argentina: Businesses To Face Financial and Regulatory Volatility Amid Scandal, Elections

Argentina: Higher Reserve Requirements To Limit Inflation, Increase Credit Costs, Curb Economic Activity

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