Milei

Argentina is opening its state nuclear sector to private and foreign capital under President Milei, including a planned sale of 44 percent of nuclear utility Nucleoeléctrica. The home-grown CAREM reactor project, 85 percent built, has been halted despite over $400 million spent.

Washington downgrades USMCA, a Lima court reclaims China's Chancay port, and Milei targets the central bank. The article highlights these three key developments in Latin American news for July 3, 2026.

The Argentina Rural Exhibition, the country's largest annual farm fair, opens in Buenos Aires on July sixteen. President Milei will close the event.

Manuel Adorni resigned as Milei’s cabinet chief after admitting to holding $500,000 in unreported savings. He claimed the money was legally earned but acknowledged a mistake, denying any theft.

President-elect Abelardo de la Espriella plans to reduce the size of the state and build mega-prisons in the Amazon. The strategy draws inspiration from rightwing leaders like Milei and Bukele.

Argentina's inflation rate dropped to 2.1% in May, marking the second consecutive monthly slowdown and the lowest level in eight months. Annual inflation is now near 33%, a significant decrease from the triple-digit rates two years ago, providing President Milei with a political boost.

The easiest route for foreign investors to access Argentina's market in 2026 is through the Global X MSCI Argentina ETF (ARGT) on the NYSE. Key companies like YPF, Grupo Financiero Galicia, Banco Macro, and Pampa Energía offer ADRs in New York. Milei’s reforms have reduced inflation and boosted the Merval stock index.

Milei’s top aide admitted hiding $500,000 from the Argentine tax agency. The President’s spokesperson stated that many Argentines keep savings 'off books' similarly.

S&P raised Argentina's credit rating to B- from CCC+ with a stable outlook, citing a budget surplus, central-bank dollar reserves, and improved financing access. The agency highlighted Argentina's Vaca Muerta energy project as a key factor in the upgrade.

Latin American markets rebound as oil prices stabilize, with Chile leading the recovery. Brazil's markets firm due to Lula's polling lead, while Milei's reform bill faces delays. The World Cup opens at the Azteca stadium.

Argentina's libertarian government, led by Milei, plans to privatize workers' hotels priced at $10 per night. These hotels are part of large 'social tourism' complexes established during the Perón era.

Argentines are protesting against Milei's decision to defund public universities. The protests are likely a response to concerns about access to education. Milei's actions may have significant implications for the education system.

Milei ally demands answers to graft allegations against top aide. The allegations are being made by Patricia Bullrich. The situation is currently unfolding.