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.

Argentina's Senate approved President Javier Milei's bill on Thursday night, allowing governors to override federal protections on glaciers and periglacial zones to enable copper mining investments. The measure, now heading to the Chamber of Deputies, aims to unlock copper deposits worth billions of dollars. Companies like BHP and Glencore plan to invest up to US$40,000 million in the region.

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Interior Minister Diego Santilli announced that the government will push a tax reform in Congress in coming months. The plan aims to deepen tax cuts and involve national, provincial, and municipal levels. He made the statements at the AmCham Summit 2026.

Daniel Passerini, the Peronist mayor of Córdoba, signed agreements with three private firms to invest $3.8 billion in street paving and service networks for neighborhoods. The works impose no direct cost on the municipal government.

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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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