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Argentina Extends Deadline to End Exclusive State-Linked Contracts to December 31, 2025

The move seeks to manage a complex transition away from long-standing exclusivities.

El Gobierno decidió prorrogar el plazo para finalizar los contratos con empresas estatales (Imagen ilustrativa).
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La medida extiende el plazo otorgado originalmente en el Decreto 747/2024.

Overview

  • Decree 591/2025, published in the Boletín Oficial and signed by Javier Milei, Guillermo Francos and Federico Sturzenegger, extends the window that was set to expire on August 22 under Decree 747/2024.
  • The measure names authorized payroll providers including Banco Credicoop, Banco Patagonia, Banco Santander, ICBC, Banco Galicia, BBVA, Banco Macro and Supervielle.
  • Jurisdictions are instructed to draft terms of reference that prioritize benefits for state employees, with preferential-rate mortgage loans singled out.
  • Authorities that entered contracts under the now-derogated Decrees 1189/2012, 1191/2012 and 823/2021 may expand or extend them through December 31, 2025 when deemed convenient.
  • Public-sector unions announced a 24-hour strike and a mobilization to Congress following the decree's publication.