AIIB sees Argentina membership as possible this year
Argentina could become a member of the China-backed Asian Infrastructure Investment Bank (AIIB) later this year.
"Argentina has to finish its domestic proceedings and submit the first 20% of its quota," state news agency Télam reported AIIB spokeswoman Laurel Ostfield as saying.
The country's member application was approved last year by the bank's board of governors. The next step is approval by Argentina's congress and making a first member contribution to AIIB.
The bank has 84 member countries and has financed infrastructure projects worth nearly US$4.3bn since its launch in January 2016.
Several Latin America countries are in the process of finalizing their entry as members, including Bolivia, Brazil, Chile and Peru.
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News in: Political Risk & Macro (Argentina)
Milei keeps taxes unchanged on Argentine mining exports
Additionally, the new mining secretary, Flavia Royón, is expected to push initiatives that help increase copper and lithium production.
Milei’s economic reform bill: Key energy sector measures
BNamericas looks at Argentine President Javier Milei’s reform bill, which comes hot on the heels of a deregulation-focused decree issued last week.
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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