The story so far · 4 days, October 17 to 23, 2026
One Turn followed this story across 4 editions, from Buenos Aires, Argentina on October 17, 2026. Newest first.
AySA was renationalized in 2006. Milei has pursued privatizations to cut state spending.
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Argentina's government confirmed it will sell its shares in water company AySA to a consortium of Argentine and Brazilian companies, with the contract to be signed next month. The sale is part of President Javier Milei's privatization program.
Why it matters: The sale transfers water services for the Buenos Aires metropolitan area to private operators.
Sources: Buenos Aires Times · See it on the globe
The US said it plans to mobilize up to $20 billion for strategic projects in Argentina through 2027, with the Vaca Muerta shale region a key destination. US Ambassador Peter Lamelas said continued support depends on Argentina's political direction, as Argentine dollar bonds sold off on election concerns.
Why it matters: The financing could expand energy investment in Argentina while tying it to the country's 2027 election outcome.
Sources: UPI, Buenos Aires Times · See it on the globe
Argentina posted a $2.98bn trade surplus in September as exports exceeded $10bn for the first time, driven by rising energy sales. President Milei told an oil and gas expo in Neuquén that record production from Vaca Muerta was an "underground revolution."
Why it matters: Higher energy exports bring Argentina foreign currency it has long lacked.
Sources: UPI, Buenos Aires Times · See it on the globe
Argentina has not issued a local dollar bond in two months, its longest pause since the programme began, as a wall of debt payments approaches. Economy minister Luis Caputo still predicts a strong fourth-quarter rebound, and President Milei is courting US investors.
Sources: Buenos Aires Times, Buenos Aires Times, Buenos Aires Times · See it on the globe