🇦🇷 Argentina

Milei bets institutional reform can survive his own exit from power.

July 31, 2026

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🇦🇷 Argentina

Milei bets institutional reform can survive his own exit from power.

July 31, 2026

Javier Milei's decision to unveil the reform of the Central Bank's Charter in a national broadcast is not merely the most important development of the day: it is the most ambitious institutional bet of his administration, and its success or failure will determine whether the economic program can survive an eventual change of government. The President sent Congress a package of four interconnected bills — reform of the BCRA, a "fiscal shackle," liberalization of the capital markets, and deregulation of the insurance market — that collectively aim to enshrine in law what until now has depended solely on the political will of his administration.

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🇧🇷 Brazil

Brazil's record tax haul masks second-worst fiscal deficit since 1997.

July 31, 2026

The R$91.2 billion primary deficit posted by the federal government in the first half of 2026 — the second-worst result since the historical series began in 1997, according to figures released by the National Treasury — would, at any other moment, entirely dominate Brazil's economic debate. Today, however, it must share the stage with a flood of corporate earnings, regulatory decisions, and contradictory signals that, taken together, reveal an economy under structural strain on multiple fronts simultaneously.

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🇺🇾 Uruguay

Judicial blow to Uruguay's regulators undermines market confidence just as debt sales soar.

July 31, 2026

The court ruling against the Banco Central del Uruguay and the Ministry of Livestock for regulatory omissions in the República Ganadera case could not have come at a worse moment for the Frente Amplio government: it lands just as Minister Gabriel Oddone celebrates what he described as a "successful operation" in international debt markets, and just after IMF Managing Director Kristalina Georgieva wrapped up a Montevideo visit praising the country's macroeconomic stability. The verdict lays bare a structural contradiction that defines Uruguay's current economic moment: a solid financial reputation built on decades of institutional prudence, now threatened by scandals that expose failures within the very agencies charged with upholding that reputation.

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🇵🇾 Paraguay

Paraguay shifts bond sales home as tax revenue stumbles against spending surge

July 31, 2026

The return of the Ministry of Economy and Finance to the Asunción Stock Exchange —with a Treasury bond placement of G. 360.548 billion— marks a shift in the financing strategy of Santiago Peña's government at a time when public debt has accumulated an increase of US$ 1.343 billion in the first five months of the year and interest payments have grown between 12.9% and 16.8% year-on-year.

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🇨🇱 Chile

77% of Chileans declare labor emergency while stock market climbs.

July 31, 2026

Employment has become the central fault line of the Chilean economy, and today the accumulated evidence reached a critical mass that is difficult to ignore: 77% of Chileans state that the country faces a "labor emergency," according to the Descifra-Artool survey published today, while the business sector presented concrete reform proposals and the IPSA closed higher above 11,000 points, riding on a dollar that is losing ground globally after weak data from the U. S.

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🇧🇴 Bolivia

Bolivia's currency plunges past minister's promise; market doubts reform rescue.

July 31, 2026

One month after Bolivia abandoned its fifteen-year fixed exchange rate, the boliviano closed the week at Bs 12.15 per dollar — a figure that Economy Minister José Gabriel Espinoza himself had promised days earlier would remain below Bs 11. That gap between official forecast and market reality captures the state of the Bolivian economy right now better than any single indicator: a government that has taken historically significant reform steps, yet has still failed to convince markets that the storm has passed.

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