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ARGENTINA: President Milei to Meet with Musk & IMF as Crypto Scandal Lingers

ARGENTINA
BulletEM BulletEmerging Market News
  • Argentina’s government ordered the anti-corruption office to initiate the investigation on possible irregularities or corruption related to the Libra coin, according to a decree published Thursday. As a reminder, President Javier Milei promoted this cryptocurrency late last week by directing followers to a site that purported to raise money for small businesses in Argentina using crypto.
  • The subsequent collapse of Libra has led to a political crisis for Milei, with opponents calling for his impeachment and critics accusing him of lacking a moral compass.
  • While this story develops, Milei is expected to meet with Elon Musk in Washington on Thursday and will also have discussions with IMF Managing Director Kristalina Georgieva.
  • In local news, Argentina’s Senate will vote on whether to suspend the country’s PASO primary elections after the lower house passed the same bill.
  • Data just released: “*ARGENTINA FEB. CONSUMER CONFIDENCE 47.26” (BBG)
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  • Argentina’s government ordered the anti-corruption office to initiate the investigation on possible irregularities or corruption related to the Libra coin, according to a decree published Thursday. As a reminder, President Javier Milei promoted this cryptocurrency late last week by directing followers to a site that purported to raise money for small businesses in Argentina using crypto.
  • The subsequent collapse of Libra has led to a political crisis for Milei, with opponents calling for his impeachment and critics accusing him of lacking a moral compass.
  • While this story develops, Milei is expected to meet with Elon Musk in Washington on Thursday and will also have discussions with IMF Managing Director Kristalina Georgieva.
  • In local news, Argentina’s Senate will vote on whether to suspend the country’s PASO primary elections after the lower house passed the same bill.
  • Data just released: “*ARGENTINA FEB. CONSUMER CONFIDENCE 47.26” (BBG)