Argentina’s Luis Caputo Predicts Major RIGI Investments During Córdoba Visit
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He announced incoming investment flows under the Incentive Regime for Large Investments (RIGI) totaling USD 50,000 million, even as federal lawmakers debated fiscal innocence and Central Bank (BCRA) restructuring projects in Congress.
Caputo detailed the administration’s ongoing strategy to stabilize national accounts during his address at the Bolsa de Comercio de Córdoba.
For municipal contractors and developers attempting to secure long-term capital, understanding these macroeconomic signals is critical for operational continuity.
Trade Surplus and Energy Sector Performance
The macroeconomic backdrop for Caputo’s announcements includes a substantial widening of Argentina’s trade balance. This marks the highest constant-dollar figure recorded since the first half of 2009, multiplying the US$2762 million recorded during the same period in 2025 by five.
Energy exports heavily drove this expansion. The positive balance for fuels and energy reached nearly USD 6,000 million during the semester. This performance represents the highest level of the century, contributing an additional USD 2,300 million compared to the first half of the previous year. Non-energy and non-agricultural sectors also rebounded, moving from a deficit of nearly USD 1,000 million in the first half of 2025 to a surplus of nearly USD 8,000 million in 2026.
Total exports accumulated US$49,412 million, reflecting a 24 percent year-over-year increase driven by both higher volumes (up 14 percent) and improved prices (up 9 percent). Meanwhile, imports sumaron US$35,437 million, marking a 4 percent decline concentrated largely in parts, accessories, capital goods, and intermediate inputs, which mirror weaker domestic industrial activity.
Political Opposition and Legislative Friction
El Destape reported that Salta senatorial candidate Juan Manuel Urtubey called for a unified front to challenge the libertarian administration. Speaking to Radio Rivadavia, Urtubey projected that the 2027 elections will necessitate a broad coalition spanning various political factions to contest current economic policies.
Maintaining visibility over federal changes remains essential for navigating these economic transitions.