Javier Milei traveled to Paris for an investment week as Argentina’s Supreme Court cleared the way for his decree lifting limits on foreign ownership of rural land. At home, pensions rose 1.66% for October, rents on contracts adjusting every three months under the central bank’s ICL index rose 6.72%, and utility bills changed.
Land Ownership and Investors
The Supreme Court issued its decision Tuesday, clearing the way for Milei’s decree lifting limits on foreign ownership of rural land. The ruling concerns who may own rural land in Argentina. The article gives no details on the decree’s specific provisions or the amount of land affected.
Milei was in Paris for an investment week. He was scheduled to give a speech at the OECD and meet President Emmanuel Macron on Thursday. The article doesn’t identify particular investors or investment agreements associated with the visit.
The court action and the Paris meetings came alongside domestic changes to pensions, rents and utility bills taking effect on October 1. Pensions rose 1.66% for October. Rents rose 6.72% for contracts adjusting every three months under the central bank’s ICL index. The article says utility bills changed, but it doesn’t specify whether they rose or fell, or by how much.
Household Costs and Debt
A report in Ámbito said Milei’s image recovery was slowing because of wages, utility bills and household debt. The report links those factors to the slowdown, but provides no wage figures, household debt totals, or details on which bills changed.
The pension adjustment and rent increase came as the reported pressures on wages, utility bills and household debt affected Milei’s image recovery. The figures describe different changes: a 1.66% increase in pensions and a 6.72% increase in rents under the specified contracts. No figure for the utility-bill changes appears in the article.
Exports, Accounts and Markets
Mining exports exceeded US$6 billion in eight months. A 190% jump in lithium helped drive that export total. The article doesn’t give the total value of lithium exports or identify the companies involved.
Argentina recorded a US$2.21 billion current-account surplus in the second quarter. Separately, INDEC estimated that residents held US$268.8 billion in foreign cash and deposits outside Argentina’s banks. The article doesn’t state how much of those holdings belonged to any particular group or explain why residents kept them abroad.
The Merval rose 1.32% on Wednesday. That market movement was reported alongside the export, current-account and foreign-holdings figures, but the article doesn’t identify what drove the index’s increase.
The report offers no statements from workers, unions or organizers. It describes no strike, protest or collective bargaining action. It also reports no wage proposal or policy addressing household debt. Instead, its figures record the legal path of the land-ownership decree, the October adjustments, and the export and financial measures reported as Milei pursued investment meetings in Paris.