On May 6, Argentina recorded a series of very positive news that evidences the success of the economic model promoted by the Government of Javier Milei.
Millionaire investments, improvement in financial markets, accumulation of reserves and growth in productive sectors marked a day with favorable signs.
One of the most important data was the confirmation that the oil company Chevron will present a new project under the Incentive Regime for Large Investments (RIGI) in the coming days formore than USD 10 billion.
President Javier Milei.
The announcement was made by the Minister of Economy, Luis “Toto” Caputo, after a meeting with company executives in the United States, which represents strong international support for the Argentine government and confidence in the country
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In parallel, financial markets accompanied by a significant improvement in risk indicators. Country risk measured by JP Morgan fell to 514 basis points, down -7.2% from the previous day
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This compression reflects greater investor confidence in the sustainability of the economic program and in Argentina's ability to meet its commitments.
In turn, the Central Bank of the Argentine Republic once again added reserves by acquiring USD 45 million in the foreign exchange market, thus reaching 81 consecutive days with a positive balance. So far in 2026, the monetary authority has accumulated purchases of more than USD 7.3 billion, consolidating a sustained process of
strengthening reserves. President Javier Milei.
At the productive level, the most recent data also show a growth scenario in key sectors. Oil production registered an increase of16% year-on-year in March, driven by the development of projects linked to RIGI and the expansion of activity in Vaca Muerta
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For its part, mining activity continues to expand and reached a new historic record. In March, production grew by 10.4% year-on-year, while in the first quarter of the year it accumulated an increase of 6.4%.
This performance responds to the impetus given by the Government of Milei to the sector, with measures aimed at attracting investment and improving competitiveness.
These announcements and positive data reflect economic strengthening under the libertarian administration, and include foreign investment, financial stability and productivegrowth.
