Argentina ranked ninth among the 10 hardest countries in the world to do business in, bogged down by the regulatory and tax hurdles foreign companies face when operating in the country, according to TMF Group’s global index.

Even so, the report saw room for that to turn around over the medium term, on the back of stronger incentives for foreign investment, the government’s push for a balanced budget and the passage of labor reform.

The ninth-place ranking is a step back from 2025, when Argentina came in 11th. It comes even with President Javier Milei’s strong push on deregulation, foreign-investment incentives and cutting red tape.

The reason is that, beyond each country’s macroeconomic appeal, the index measures the operating cost of complying with regulatory frameworks that “hold back the growth of........

© Buenos Aires Herald