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Decree 70/2023, titled "Bases for the reconstruction of the Argentine economy" (Spanish: Bases para la reconstrucción de la economía argentina) was signed on 20 December 2023, by the Argentine president Javier Milei. It is known in the media as the "Megadecreto" ("Mega-decree") or "decretazo" for its large scope.
The institution was chartered on September 24, 1886, as the Banco Hipotecario Nacional (National Mortgage Bank) by a bill (Law 1804) signed by President Julio Roca. [5] The bank pioneered mortgage lending on extended, low-interest terms in Argentina, and thus contributed to consolidating a modern Argentine economy (a policy centerpiece of the Generation of '80, as Roca and his allies were known).
4 February – One person is killed in a wildfire in Mariano I. Loza, Corrientes Province. [1]5 February – President Milei orders Argentina's withdrawal from the World Health Organization, citing “profound differences in health management", particularly during the COVID-19 pandemic.
The Bank of the Province of Buenos Aires (Spanish: Banco de la Provincia de Buenos Aires), better known as Banco Provincia, is a publicly owned bank in Argentina and the second-largest in the country by value of assets and deposits.
Favourable results and normalization in Argentina’s economy are expected to continue in 2025. The annual inflation rate, which was 211% in 2023, is expected to be below 30% in 2025. Economic activity has also begun to recover after the severe recession at the beginning of 2024. The economy is expected to expand by more than 4% in 2025. [198]
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In April 2017, after a long period of financial distress, President Mauricio Macri declared that "Argentina is in the middle of a cultural change" and that "Argentina is back in the world. Argentina wants to play a significant role in the global scenario." [6] Argentina did increase its international trade. Argentina is a member of the G20.
The most recent arrangement approved Argentina to borrow SDR 40,714.00 million, of which Argentina has borrowed SDR 31,913.71 million [4] as of December 10, 2019. Over the past 63 years, Argentina has frequently used the resources of the IMF and holds the record for the largest loan distributed, reaching nearly $57 billion in 2018. [5]