Argentina aims to run a 4.5% deficit

Economy Minister Martin Guzman said that a deal with the International Monetary Fund to restructure its $44 bn debt will not come at the price of sweeping budget cuts. "Austeriry is not the way to go he said. According to him, Argentina has to balance the twin goals of avoiding the destabilising effects that too much monetary financing can have on the exchange rate while still having enough expansion to boost the economy. He added that the correct level of deficit for the country is the 4.5% outlined in the 2021 budget.

Argentina has the potential to export $2.1 billion worth of lithium by 2030

Argentina has the potential to increase its lithium exports from $190 million in 2019 to $2.1 billion in 2030. Also, employment generated by the lithium industry has doubled in the last three years. As of June 2020, more than 4,400 direct and indirect jobs were registered. Today, lithium exploitation is taking place in a triangle formed in the Andes mountain range that links Argentina, Bolivia and Chile. Companies from the United States, Canada, Japan, Australia, South Korea, Italy and China compete there.