
Arrears on credit to individuals in Argentina reached 17.5% of total lending in June, according to a study by Universidad Austral and the consultancy Eco Go based on central bank data. Javier Milei's government has ruled out intervening and maintains the solution must come from the market.

Paraguayan President Santiago Peña said on Friday that the differences between his Argentine and Brazilian counterparts, Javier Milei and Luiz Inácio Lula da Silva, have had no consequences for Mercosur, despite the diplomatic crisis between the two countries.

With little more than a year to go before Argentina's presidential elections of October 2027, the governing party and the main opposition force began this week to realign their positions. La Libertad Avanza, the party of President Javier Milei, resumed talks with former president Mauricio Macri's PRO, while the various currents of Peronism agreed a truce aimed at blocking the electoral reform the government is promoting.

Argentina's Senate approved in the early hours of Friday, by 37 votes to 33, the Inviolability of Private Property bill promoted by Deregulation Minister Federico Sturzenegger, after the governing bloc withdrew the two chapters that drew the most resistance. The text now goes to the Chamber of Deputies.

Argentine President Javier Milei is working to convene a summit of right-wing leaders from across the Americas outside existing multilateral organizations, though no date has been set. The initiative comes amid a series of trips that took him this week to Ecuador and Colombia.

Brazilian President Luiz Inácio Lula da Silva enters the final stretch toward the October 4 elections with three open diplomatic fronts and a message centered on defending national sovereignty.

Brazilian Foreign Minister Mauro Vieira said on Wednesday that the downgrading of diplomatic relations with Argentina to chargé d'affaires level will remain in place until Argentine President Javier Milei stops what he called repeated insults and attacks against Luiz Inácio Lula da Silva.

Brazil decided on Tuesday to downgrade its diplomatic relations with Argentina to the level of chargé d'affaires and to postpone indefinitely the return of its ambassador in Buenos Aires, Julio Glinternick Bitelli, following a fresh round of remarks by Argentine President Javier Milei against his counterpart Luiz Inácio Lula da Silva.

Around 140 vessels were waiting on Monday to enter or leave Argentine ports after maritime pilots stopped accepting new assignments in protest at a decree deregulating their profession. The figures come from industry sources; some reports put the number above 150.

Argentine President Javier Milei said on Monday that his government's alignment with the United States will advance Argentina's sovereignty claim over the Falklands, in remarks to Radio Mitre.