Argentina reports economic contraction as Finance Minister Caputo unveils Fiscal Innocence II program

Argentina is actively pursuing a multi-pronged fiscal stability agenda, confirmed by legislative pushes for Central Bank reform, new penal code provisions, and amendments to the 'Fiscal Innocence' law, despite an economic contraction. Chile is advancing a significant tax reform package and legislation to mitigate electricity tariff increases, though executive vetoes are anticipated. The overall regional fiscal policy landscape is characterized by ongoing legislative activity and efforts to address economic challenges.