Buenos Aires acts to revive investment

摘要

Argentina’s new government has been swift to advance economic reforms to encourage foreign investment in the country’s promising shale sector. New finance minister Alfonso Prat-Gay has revealed plans to dismantle capital and trade restrictions that have long hindered investment in Argentina’s commodities- driven economy. And companies will again be able to repatriate profits - a significant advantage for the energy sector, although the changes will affect all areas of Argentina’s anaemic economy. The moves effectively devalue the peso.