Foreign direct investment to Argentina has plunged substantially.

Looking forward to LKE's DFS...and their recently omitted FID timeline...should be a cracker!!


"Tighter capital controls and economic uncertainty have led to a huge drop in foreign direct investment, according to a private report using Central Bank data."

"The lack of an influx of hard currency was highlighted in a new study from the Fundación Libertad y Progreso think tank, which found that foreign investment in the 12 months preceding April 2023 was US$519 million – a fall of 80 percent from the 12 months prior to December, 2019, when President Fernández first took office."

"Eugenio Marí, Fundación Libertad y Progreso’s chief economist, said: “Aiming at looking after the reserves via currency controls has meant shutting the door on the entry of capitales. Foreign investment has collapsed to historic lows , something also boosted by a highly adverse macroeconomic context.""

https://www.batimes.com.ar/news/economy/foreign-investment-has-slumped-during-alberto-fernandezs-presidency.phtml

IMO DYOR