News of Gonzalo Martínez

Gonzalo Martínez

One year in, Milei’s RIGI investor incentive scheme fails to take off

Yesterday 09:18 One of President Javier Milei’s flagship policies, the RIGI incentive scheme for large investors, is not taking off – one year on from its launch, three projects have imported a mere US$26 million. Seven initiatives have been approved with 11 others pending and a Chinese rejection.

by Gonzalo Martínez

A shopper browses at a supermarket in Buenos Aires.

ANALYSIS

Inflation and the ballot box: Milei bets on falling prices to win votes

18-06-2025 12:46 Monthly CPI and wholesale rates are now central to the government’s election strategy – but questions are mounting over purchasing power and price-controlled services.

by Gonzalo Martínez

Public works have been suspended across Argentina.

MILEI’S AUSTERITY MEASURES

Six provinces demand over US$9 billion from national government

26-05-2025 14:58 Provinces of Buenos Aires, La Pampa, La Rioja, Formosa, Santiago del Estero and Santa Fe – mostly all opposition controlled – are demanding US$9.376 billion in outstanding debt from President Javier Milei’s government.

by Gonzalo Martínez

ECONOMY – ANALYSIS

Argentina and the IMF – scenarios for a possible new agreement

28-01-2025 10:04 Milei government and IMF continue to fine-tune a future agreement which is likely to include a remittance of some US$11 billion to bolster Central Bank coffers, allowing Argentina to remove the ‘cepo’ currency and capital controls.

by Gonzalo Martínez

A couple is photographed in front of their house in the La Boca neighbourhood of Buenos Aires on September 20, 2024.

POVERTY IN ARGENTINA

Private estimates: Three million new poor created so far this year

24-09-2024 16:19 Private estimates, published ahead of the INDEC national statistics bureau's latest update, suggest that some three million people have slipped below the poverty line since the turn of the year.

by Gonzalo Martínez

ECONOMY – ANALYSIS

Nine months in, the economic data alarming Milei's government

09-09-2024 22:25 President Javier Milei has closed the third quarter of his administration with Argentina’s economic activity in poor health. He has notched up some achievements – exchange rate stability and a slowdown in inflation, for example – but the loss of purchasing power and increased unemployment are worrying.

by Gonzalo Martínez

A shopper checks his bill at a supermarket in Buenos Aires.

PAIN FOR PyMES

More pain for PyMES – small and medium businesses warn closures lie ahead

02-09-2024 08:55 Business chamber warns that around 10,000 small and medium-sized enterprises closed in the first half of the year. If things don’t improve, the same amount could be shuttered before the year is out.

by Gonzalo Martínez

The ‘Las Hormiguitas Viajeras’ soup kitchen in Loma Hermosa, Buenos Aires Province, on February 9, 2024.

ECONOMIC INDICATORS

Poverty hit 20-year high of 57.4% in January, says UCA body

18-02-2024 10:21 Prestigious UCA Social Debt Observatory says poverty is at 20-year high: 57.4%, equivalent to 27 million people, are now considered poor in Argentina. Extreme poverty affects 15%, some seven million people.

by Gonzalo Martínez

Politics

Milei crowns Caputo as super-minister, granting him greater power

03-02-2024 06:32 President Javier Milei has left in his economy minister’s hands all the areas managed by former Infrastructure minister Guillermo Ferraro. Today, Luis Caputo is one of the most influential people in the libertarian leader’s government.

by Gonzalo Martínez

Economy minister's plan

Massa bets on IMF and sit-down with businesses, unions

02-05-2023 12:37 Argentina’s economy minister is laying down plans to support the peso throughout May. He will ask the IMF to move forward disbursements and seek a coordinated approach with business leaders and trade union leaders to slow inflation as much as possible.

by Gonzalo Martínez

POVERTY

2,800 Argentines slipping into poverty every day, experts warn

23-06-2022 23:20 Private estimates reveal horrifying social data underlining that being employed, whether formally or informally, is no guarantee against being poor. With annual inflation approaching three digits and sustained price increases for food and beverages above the monthly average, family incomes are increasingly falling short.

by Gonzalo Martínez