April 30th, 2026
1. Adorni defended the economic program in his first policy address to the Chamber of Deputies
Chief of Staff Manuel Adorni addressed the Chamber of Deputies on Wednesday, April 29, in accordance with Article 101 of the National Constitution. In his opening remarks, he focused on macroeconomic results, the investment agenda, and the legislative proposals planned for the year. On fiscal matters, Adorni noted that the primary surplus was 1.8% of GDP in 2024 and 1.5% in 2025, and that annual inflation fell from 211.4% to 31.5%. Regarding investments, he highlighted the Incentive Regime for Large Investments (RIGI), with 13 approved projects totaling USD 28 billion in committed funds. In foreign policy, he mentioned the trade agreement with the United States signed on February 5, 2026, which includes the elimination of reciprocal tariffs on 1,675 products, and the Mercosur-European Union Agreement, which Argentina was the first country to ratify. Regarding the legislative agenda, Adorni announced plans to submit bills on reforming the Penal Code, a new Mental Health Law, electoral reform including the elimination of the PASO primary elections, and the approval of the Clean Record Law, among others. The session took place amid political tension. The opposition focused its questions on infrastructure, education funding, health care, and the official’s legal situation, and he ruled out resigning when directly asked by an opposition lawmaker.
2. Milei spoke at the Fundación Libertad and the Palacio Libertad during a week of intense public activity
President Javier Milei attended the Fundación Libertad Annual Dinner last Monday, where he spoke before government officials, business leaders, and leaders from the ruling party and the PRO. Representing the government were the Secretary General of the Presidency, Karina Milei; the Chief of Staff, Manuel Adorni; and the President of the Chamber of Deputies, Martín Menem. In his speech, he noted that the fiscal adjustment amounted to nearly five percentage points of GDP and that the size of the national public sector stands at around 15% of GDP. He also pointed out that the government reduced more than 20 taxes and eliminated others, and maintained that fiscal balance is the foundation of the economic program. He further stated that annual inflation fell from 211.4% to 31.5%. At the same time, he stated that the government will not alter its economic course in light of the latest monthly inflation data. The following day, Tuesday, Milei led the debate “Keynes and the General Theory” at the Palacio Libertad, alongside economist Juan Carlos de Pablo and Congressman Adrián Ravier. He questioned the foundations of Keynesian theory and noted that the recent rise in inflation was due to a decline in the demand for money during the second half of 2025. On the same day, he criticized the immigration policies of some European countries. The event brought together ministers and legislators from the ruling party.
3. Caputo spoke at ExpoEFI: He acknowledged the decline in activity in February and projected record exports
Economy Minister Luis Caputo opened the Argentine Economic Congress as part of ExpoEFI 2026 on Tuesday, April 28, at the Buenos Aires Convention Center. In his speech, he acknowledged that the economic activity data for February came in lower than expected, though he noted that the country had previously recorded what he described as record-breaking figures. Caputo indicated that sectors such as manufacturing and construction are showing signs of improvement in the seasonally adjusted EMAE series, and that by July, 9,000 kilometers of road corridors will have been put out to bid and will be under construction. Regarding inflation, he noted that March represented a peak and anticipated a decline starting in April. Regarding exports, he projected that 2026 could close at USD 100 billion, which would be a historic record. On the energy sector, he estimated that between 2026 and 2035 the energy trade surplus will exceed USD 350 billion, and that mining will contribute another USD 162 billion over the same period. Regarding employment, he stated that total employment did not decline, though he acknowledged a reduction in registered employment, which he noted was offset by the creation of 100,000 jobs in the informal sector. The forum also featured the participation of President Javier Milei, who delivered the closing remarks. During his remarks, he criticized sectors of the opposition and parts of the media, and defended his government’s economic course and with the policies presented by his economic team during the meeting.
4. Gathering of the country’s leading business executives at the Llao Llao Forum
The Llao Llao 2026 Forum will take place this week in Bariloche; the event began on Wednesday and will continue through Friday. It will bring together some of the country’s most influential business leaders, as well as public figures, researchers, and entrepreneurs, among others. The forum’s objective is to discuss policies and alternatives to boost production, competitiveness, and development in Argentina and its private sector. Throughout the event, attendees will debate major global issues spanning business, politics, technology, and society, as well as the impact of these changes on companies and the future of Argentina and Latin America. Throughout the event, participants are expected to discuss topics such as the investment climate, the role of the state, Argentina’s integration into the global economy, the knowledge economy, and the impact of artificial intelligence on productivity. Additionally, the forum aims to create a space for informal dialogue between business leaders and key stakeholders to strengthen ties and explore opportunities for collaboration. This year’s event will bring together more than 150 participants from various sectors and disciplines. Among them are business leaders such as Eduardo Elsztain (Cresud-IRSA and event organizer), Marcos Galperín, Martín Migoya, and Guibert Englebienne, Federico Braun (La Anónima and Banco Galicia), Alfredo Poli, and Alejandro Larosa, among others. Máxima Zorreguieta will also participate in her role as Special Advisor to the United Nations Secretary-General on Financial Well-being, alongside figures from the worlds of art and sports, as well as international guests. Both President Javier Milei and businessman Peter Thiel were invited, although their participation has not yet been confirmed.
Ámbito: Con Javier Milei en duda, el Foro Llao Llao 2026 vuelve a reunir a empresarios del Círculo Rojo
5. The Ministry of Economy officially announces Frugoni’s departure and appoints Herrmann to the Ministry of Infrastructure
The Ministry of Economy officially announced this week the departure of Carlos Frugoni and the appointment of Fernando Herrmann to the Infrastructure division within the ministry led by Luis Caputo. The decision was communicated through official channels as part of changes to the economic team. Frugoni’s departure came after at least seven properties and two commercial entities in the United States were discovered that had not been declared to the Anti-Corruption Office (OA) or the Customs Collection and Control Agency (ARCA), according to information reported by the media. His departure was formalized the same day. In this context, the Ministry announced the appointment of Herrmann, who will assume responsibilities related to infrastructure coordination. The appointment is part of an internal reorganization of the department following the official’s departure. According to available information, Herrmann has a background in management and the private sector and will be responsible for coordinating infrastructure-related policies within the Ministry.
M1: El comunicado del Ministerio de Economía tras la escandalosa salida de Carlos Frugoni