Southern Cone

Lifeline, Strings Attached

A month after Argentina’s currency devalued by over 20 percent in less than two weeks and interest rates doubled to 40 percent, the International Monetary Fund agreed to lend Argentina $50 billion. The loan – including an additional $5.6 billion from multilateral development banks – was far larger than analysts expected. This massive stand-by agreement – basically a line of credit – offers Argentina secure financing until the end of 2019. The deal should help ward off another speculative attack on the peso.

“No Collar Economy:” A Conversation on the Future of Work in Argentina

Argentina’s agricultural communities have depended on traditional labor for centuries, but technological advances such as automation, and the growing accessibility of data, have changed that way of life. As a result, Argentines from the countryside feel increasingly powerless, particularly as potential trade agreements promise increased competition. As a result, many of the country’s rural working class have traded villages for urban centers, where they often live in marginalized neighborhoods.

As It Reengages with the World, Will Argentina Rebuild Its Military to Resume Its Historic Global Role?

In President Mauricio Macri’s first year in office, Argentina’s annual military spending increased slightly, from 0.86 percent of GDP in 2015 to 0.96 percent in 2016. That modest uptick – to $6.2 billion – bucked a regional trend. Colombia was the only other country in the region to increase military spending. Compared to a decade ago, military spending in South America is down 5.5 percent, according to the Stockholm International Peace Research Institute.

A Conversation with Chilean Minister of Foreign Affairs Roberto Ampuero

In his first visit to Washington as Chile's foreign minister, Roberto Ampuero discussed "Chile's Foreign Policy: Principles and Challenges in the Current Global and Regional Context."

 

Selected Quotes

 

Russia's Role in the Venezuela Crisis

As isolation of the Venezuelan government continues to grow, Russia has remained one of Venezuela’s staunchest allies. President Putin and the Russian government have provided a source of economic and military support, allowing Moscow a useful platform to expand its influence in the region.

 

Part 1 – Russia in Latin America: Focus on Venezuela

A Conversation with Diego Garcia, a Partner at Bain & Company in Buenos Aires and the Head of its Southern Cone Energy and Oil & Gas Practice

Q: Argentina’s historic offshore exploration tenders are fast approaching. What can you tell us about the changes in the government’s approach to foreign investment in this sector, and how much interest should we expect?

A Conversation with Senator Esteban Bullrich

The province of Buenos Aires is considered the traditional electoral base of Peronism, yet support has been waning in recent years. In 2015, the Cambiemos coalition won the governorship, surprising many domestic and international analysts. During the 2017 mid-terms, Cambiemos won a crucial senatorial election in which Esteban Bullrich defeated former President Cristina Fernández de Kirchner. The election provided the needed support and political backing to help advance an ambitious reformist agenda led by President Mauricio Macri.

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