Argentine President Javier Milei has been actively engaging with the public and political discourse amid a volatile economic environment. On July 5, 2025, Milei inaugurated the evangelical church "Portal del Cielo" in Chaco province, where he delivered a speech criticizing the concept of social justice, describing it as "anti judeo-Christian" and equating it to theft. He framed wealth as a blessing for the faithful and emphasized the defense of individual rights. Later, on July 22, during the "La Derecha Fest" in Córdoba, Milei reaffirmed his administration's fiscal achievements, stating that his government reduced Argentina's debt by US$50 billion in one year. He also criticized the Kirchnerist political movement as the most indebted in Argentina's history and labeled Vice President Victoria Villarruel a "brute traitor," accusing opposition figures of betrayal. Economically, Argentina's markets have experienced fluctuations; Argentine stocks fell as much as 5% amid adverse international conditions but later showed gains in a volatile external context. The government recently added US$868 million to reserves while awaiting the International Monetary Fund's (IMF) approval of the first review of Argentina's economic program. The IMF acknowledged macroeconomic improvements but warned that foreign reserves remain critically low. Meanwhile, agricultural exporters anticipate a 50% drop in dollar sales, potentially lasting until November unless export duties are adjusted, which could further pressure the exchange rate. The IMF has also challenged the government's currency policy, suggesting the official exchange rate should exceed the current upper limit of the exchange band set at 1,456.84 Argentine pesos for July 2025. These developments occur as investors navigate the implications of rising interest rates and the impact on the Argentine peso and capital markets.
Qué inversiones seducen al mercado tras la suba de tasas | Por Gonzalo Andrés Castillo✍️| Conocé más👇 https://t.co/b9M7aLVIvg
⭕️El FMI puso en jaque la política cambiaria de Luis Caputo, al advertir que el tipo de cambio oficial debería tender a superar el techo de las bandas cambiarias, fijado en $1.456,84 para julio de 2025 | Por @julianguarino✍️| Conocé más: https://t.co/zZymFr1K0a https://t.co/2oG3hgCqDg
⚡️Milei calls his vice ‘brute traitor’ at festival of the far right At La Derecha Fest, panels included the ‘spiritual side of the culture war’ and a talk about hatred of journalists, given by a journalist https://t.co/xAffE3dlIo