Today afternoon, at the Casa Rosada in #argentina , the provincial governors will meet with the national government in a meeting prior to the May Pact.

Who will be present?

  • Nicolás Posse, Chief of Staff

  • Guillermo Francos, Minister of the Interior

  • Luis Caputo

  • Carlos Guberman, Secretary of the Treasury

  • The 24 governors

What will be discussed?

  • Refloat the Bases Law

  • Fiscal pact:

    • Restitution of Income Tax

    • New retirement formula

  • delegated powers

  • Labour reform

  • Privatizations

  • Improve the income outlook of the provinces

  • Make discretionary transfers more flexible

What is expected?

  • An agreement that benefits both parties.

  • A progress that strengthens the political project of LLA.

Possible risks:

  • Intransigent position of the Government

  • Unfavorable response to the governors' demands

  • Pressure on hard-dollar bonds and the free dollar

Relevant news about cryptocurrencies and Argentina:

1. Interest in cryptocurrencies is growing in Argentina:

  • A recent study revealed that 12% of Argentines have already used cryptocurrencies, and that this number is growing rapidly.

  • Interest in cryptocurrencies is driven by inflation, the devaluation of the Argentine peso and the search for investment alternatives.

  • The most popular cryptocurrencies in Argentina are Bitcoin, Ethereum and Tether.

2. The Argentine government is studying regulating cryptocurrencies:

  • The Argentine government is studying the possibility of regulating cryptocurrencies.

  • The objective of the regulation would be to protect investors and prevent the use of cryptocurrencies for illicit activities.

  • Is the regulation expected to be announced in the coming days? (or months?).

    • Read key date: March 26, 2024: Possible Crypto regulation

3. Argentina could become a hub for cryptocurrencies:

  • Argentina has great potential to become a hub for cryptocurrencies.

  • The country has a young and technologically literate population, and a dollarized economy.

  • Some cryptocurrency companies are already operating in Argentina, and this number is expected to grow in the future.

In summary:

  • Expectation of a climate of dialogue and negotiation.

  • There may be important announcements at the end of the meeting.

  • The meeting prior to the May Pact is an important event for the future of the country.

  • Key issues such as the fiscal pact, labor reform and privatizations are expected to be discussed.

  • There is also growing interest in cryptocurrencies in Argentina, and the government is studying the possibility of regulating them.

  • Argentina has the potential to become a hub for cryptocurrencies.