In the August 2023 primaries, outsider and far-right Javier Milei topped the results, with 30.04% of the votes for "Freedom Advances" (LLA).

Discover the hidden potential of discounted government bonds and learn how they can boost your after-tax returns beyond GICs in non-registered and corporate accounts.

Argentina has a long and complex economic history, with frequent financial crises and periods of inflation. Since 2011, the government has clamped down on foreign exchange transactions and remittances to control the outflow of capital and protect the value of the Argentine peso.

Most investors want to earn more from their cash. For those seeking a higher return while minimizing risk, one option is a laddered bond strategy.

Argentina has been in discussions with the International Monetary Fund regarding a new program to address growing economic challenges in the country. In meetings last month, Argentine government officials sought to lower a target for net reserve accumulation as it continues to face high inflation and a large debt burden.

Sergio Massa, the Minister of Economy for Argentina announced a USD$1 billion bond buyback last week, as the nation looks to send a positive signal to markets.