At least 16 multinational companies have left Argentina so far under President Javier Milei’s government. The sectors vary, but in nearly all cases they are affected by a lack of legal security, profitability, difficulties in collecting dividends and a firm’s regional strategy. A whole set of structural reasons which have averted the official slogan, improving conditions to entice investment into the country.
Mass consumption, energy, telecom firms and banks are among the most affected sectors. Many of these decisions to divest are part of lengthy processes – they can take from six months to two years. And in several cases, they were started before the change of government, although they have been completed during the current administration.
There are many reasons, though the most commonly cited one is instability.
“Argentina has been consistently breaching contracts for 30 years. Most groups are in a process of regional reconversion and when they look at Latin American countries, the first country they leave is Argentina, because it’s where they’ve had more wounds inflicted,” Dan
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