Overview

• The Treasury absorbed ARS 4.7 trillion in an off-schedule debt auction while the Central Bank lifted its repo rate to 36 percent and yields topped 40 percent to curb peso volatility
• Argentina is awaiting the IMF board’s approval of its first program review to unlock a US$2.2 billion disbursement from the US$20 billion loan signed in April
• INDEC reported that workers’ share of production value rose to 49.1 percent in Q1 2025 even as Fundación Pensar warns pensioners have seen a 4.7 percent real income decline since December
• President Javier Milei confirmed plans to eliminate export retentions, prompting soybean industry warnings of reduced output and export revenue
• Chief of Cabinet Guillermo Francos has engaged provincial governors in talks over revenue-sharing disputes as the administration balances fiscal targets and electoral positioning