Argentina Week, a New York City event organized by the Argentine government to attract foreign investment, wrapped up on Friday after a week of meetings with investors and business leaders. 

Economy Minister Luis Caputo called it “wonderful.”

“Everyone in attendance could see that the interest in investing in Argentina’s real economy is at an all-time high,” he wrote on X. “Investment decisions that would normally take more than six years to make are already being made. We’re talking about tens of billions of dollars that are already starting to flow in.”

However, in Argentine media outlets, the event itself was overshadowed by a scandal involving the government’s chief of staff, Manuel Adorni, who traveled to the U.S. city with his wife, who is not a public official.

So, what really happened in the Argentina Week?

US$16 billion in investment was announced

Four projects were announced as a result of the event, totaling US$16.1 billion — however, most of them came from Argentine companies. “Mercado Libre will invest $3.4 billion to expand its logistics operations in the country, creating 1,900 direct jobs,” said a communiqué by the President’s Office. 

Transportadora de Gas del Sur (TGS), also an Argentine firm, announced a $3 billion investment in Vaca Muerta to process natural gas liquids. Pampa Energía applied to join the Large Investment Incentive Regime (RIGI) with an investment of over $4.5 billion earmarked for the exploration and production of unconventional........

© Buenos Aires Herald