In remarks at an economic outlook event organized by the Córdoba Stock Exchange and published by Argentina's Ministry of Finance, Vice Minister of Economy José Luis Daza said the government's program has restored order to the public finances, kept the exchange rate band framework in place despite an external shock, and lowered interest rates by 25 points since January. He said the lower rate environment should help repair the financial system and support the return of credit. Daza also said Argentina is buying foreign currency at a pace equivalent to USD 20 billion a year. On investment, he cited 14 approved RIGI projects worth more than USD 27 billion and more than 36 submitted projects totaling USD 100 billion. The remarks also pointed to tariff cuts, the removal of thousands of import and export restrictions, and reforms including the labor and glacier laws as measures intended to support job creation and new investment.
Ministry of Finance (Argentina) 2026-05-14
Argentina's Ministry of Finance vice minister says exchange rate bands held through external shock and interest rates fell 25 points since January
Argentina’s Vice Minister of Economy José Luis Daza said the government’s program has restored order to public finances, maintained the exchange rate band despite an external shock, and cut interest rates by 25 points since January to support financial system repair and credit growth. He cited foreign currency purchases at an annualized USD 20 billion, 14 approved RIGI projects worth over USD 27 billion, more than 36 submitted projects totaling USD 100 billion, and highlighted tariff cuts, removal of trade restrictions, and legal reforms to spur investment and jobs.