Aldo Abram highlights RIGI's success in attracting investments

Economist Aldo Abram stated on Canal E that Argentina's Régimen de Incentivo para Grandes Inversiones (RIGI) is already delivering concrete results, with over 20 projects submitted totaling more than $33 billion. More than 10 have been approved, amounting to around $25 billion in future investments.

Economist Aldo Abram discussed on Canal E the positive impact of Argentina's Régimen de Incentivo para Grandes Inversiones (RIGI), a regime aimed at attracting large-scale capital. “It’s working, and it’s working well,” Abram stated, noting that prior to its launch “no one was thinking of investing a single dollar or peso” amid high tax pressures, regulatory uncertainty, and labor conflicts, which he likened to a “jungle” for investors. A shift in expectations has revived interest from local and international investors, enabling them to identify viable projects—a process that takes time to mature. Abram emphasized the need for political stability to sustain the inflow: “Projects will keep coming,” he said, though some investors await greater electoral clarity ahead of 2027. The RIGI establishes a protected sector where “investors can run their business like in a normal country,” but the challenge lies in extending these conditions economy-wide. Abram expressed optimism about its continuation, driven by successes that could spur deeper structural reforms. On energy, he linked the RIGI to Vaca Muerta’s potential, despite infrastructure bottlenecks like pipelines. “You can have all the gas… but if you can’t deliver it to the consumer, it’s a problem,” he explained, adding that liquefied natural gas imports will likely continue short-term as investments progress.

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President Milei backing Adorni at a cabinet press conference in Argentina amid allegations.
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Milei backs Adorni at cabinet meeting amid allegations

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President Javier Milei gathered his cabinet on Friday to back his chief of staff, Manuel Adorni, who is under investigation for alleged illicit enrichment. Adorni led a press conference at Casa Rosada with ministers Luis Caputo and Alejandra Monteoliva to announce the 'Super RIGI' and a major anti-drug operation.

Chief of Staff Manuel Adorni presented a management report to deputies projecting direct and indirect jobs from the RIGI. The document covers initiatives already authorized to proceed. The report was shared on May 2, 2026.

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Economic journalist Ariel Maciel warned of high tax pressure and the SME crisis in Argentina, stating that without structural changes there will be no incentives to hire formally. He criticized the lack of dialogue with the private sector and the unsustainable cost of labor hiring.

At Empresas Copec's shareholders' meeting, president Roberto Angelini voiced support for José Antonio Kast's economic megareform and updated the Sucuriú project in Brazil to 60% progress. He stressed economic growth as essential for welfare and criticized delays in Chilean permits. Angelini also addressed the initial impact of recent fuel price hikes.

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Buenos Aires Governor Axel Kicillof criticized Thursday the lower house approval of cuts to gas subsidies in cold zones. He warned of effects on tariffs and living conditions for millions of Argentines. He called on the Senate to reject the bill pushed by President Javier Milei.

Argentine assets came under pressure on Friday, May 15, as country risk rose 2.5 percent to 538 basis points. The S&P Merval fell 1.4 percent in pesos and most ADRs closed in the red.

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