During his recent visit to Spain, Argentine President Javier Milei met with representatives of Spanish companies to discuss investment opportunities in his country. The meeting, held at the Argentine Embassy in Madrid, lasted over an hour and included executives from Iberia, Banco Santander, and Telefónica.
Milei presented his economic program aimed at combating hyperinflation in Argentina and opening up investment opportunities for the private sector. He also outlined plans for large cuts to address inflation and attract foreign investment in Argentina – the third largest economy in Latin America.
Representatives from Spanish companies discussed their investments in Argentina during the meeting, highlighting challenges related to accessing the exchange market and sending dividends to their parent companies. Milei assured the press that the meeting was successful and anticipated further discussion on these issues during his next trip to Spain.
The Argentine Central Bank recently approved measures to allow companies to buy bonds and distribute dividends, signaling a shift towards deregulation in the country. Spanish firms operating in Argentina are hopeful that these changes will improve business conditions. The meeting between Milei and Spanish companies reflects a shared interest in addressing economic challenges and fostering investment opportunities in Argentina.
