In a historic encounter, the President of Argentina, Javier Milei, and the CEO of Tesla, Elon Musk, met for the first time on Friday, solidifying a social media friendship between two fervent advocates of the free
Despite efforts to attract international tourists, the dip in local tourism contributed to an overall decrease in the state's visitor figures for the year.
The official exchange rate is set at $800 with an estimated monthly adjustment of 2%. At the same time, the PAIS tax increases to 17.5%, bringing the importer's dollar to $940 (official exchange rate plus 17.5% PAIS tax). Meanwhile, dollars for export will have a 15% retention (80% MULC and 20% CCL), resulting in a value of $860, and the card dollar will be $1320 (30% PAIS tax, 35% income tax, and elimination of Personal Assets tax).
Data may bolster Fed’s resolve to hold interest rates steady throughout the spring
Javier Milei, the president-elect of Argentina, already has more than half of his Cabinet, but the most important positions are still pending. He would leave only 8 ministries, but has not yet announced the appointments for Economy and Security. Nicolás Posse is set to become the Chief of Staff, Diana Mondino for Foreign Affairs, and Guillermo Francos is a potential candidate for the Interior
Argentina faces significant economic challenges, with an annual inflation rate of 142.7%, a poverty rate of 40.1%, and a currency gap exceeding 200%. These economic issues have influenced the polarization of the campaign, where Massa and Milei compete for the preference of a divided electorate.
Patricia Bullrich, 67, has positioned herself as an option for greater governability in a turbulent political landscape. With a trajectory that includes her tenure as Minister of National Security, Bullrich is committed to quickly balancing the budget and boosting the economy by removing regulatory hurdles and expanding free trade agreements
IMF cuts 2023 global growth to 2.7% on war and downturns
