Latin America News
LAST UPDATE: May 18, 2025
Argentina logs April fiscal surpluses as government belt-tightening pays off
Reuters
Argentina reported a primary fiscal surplus of 845.949 billion pesos in April, attributed to government austerity measures aimed at achieving a “zero deficit” policy.
Insight
The fiscal surplus indicates progress in Argentina’s economic reform agenda, aiming to stabilize the economy and combat inflation through stringent fiscal discipline.
Argentina’s black market for dollars falters as currency controls are eased
Reuters
Argentina’s black market for U.S. dollars is declining as President Javier Milei’s reforms ease currency controls, allowing easier legal access to dollars.
Insight
President Milei’s economic reforms, including easing currency controls, have reduced reliance on the black market for dollars. This shift aims to stabilize the economy, attract foreign investment, and eliminate market distortions caused by dual exchange rates. While the reforms have benefits like stabilized exchange rates and renewed market trust, some sectors, such as informal workers and tourism, face challenges due to these changes.
Chile Trade Chief Still Hopeful US Will Cut Tariffs Back to Zero
Bloomberg
Chile’s trade chief remains hopeful that the U.S. will eliminate tariffs as outlined in their free-trade agreement, despite recent trade tensions.
Insight
Despite recent trade tensions, Chile is optimistic about the U.S. honoring the zero-tariff provisions in their free-trade agreement. The Chilean government emphasizes the importance of adhering to the agreement to maintain strong bilateral trade relations and economic growth.
