The government under President Javier Milei in Argentina is making significant changes to attract more investments in the country’s natural resources, focusing on mining royalties and the Incentive Regime for Large Investments (RIGI). These reforms are crucial for securing support for base laws and fiscal package projects, with the debate moving to the floor next week for approval.
There have been dissensions within the signatures, leading to ongoing negotiations for further changes to ensure approval. Senator José María Carambia has requested an amendment to increase the royalty cap for provinces based on the mine mouth value, while Senator Guadalupe Tagliaferri has negotiated changes in RIGI to benefit Argentina by requiring investment plans to justify their effects on the local market.
These modifications aim to create a more favorable investment climate and balance economic reforms with sustainable development goals. The government’s ability to navigate these reforms will significantly impact Argentina’s economic landscape, making it an interesting development to watch out for.