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.""
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(20min delay)