Argentina’s Large Investment Incentive Regime is part of President Javier Milei's investment strategy to increase foreign currency inflows and accelerate development in sectors considered critical to Argentina’s economy, including oil, natural gas, mining, infrastructure and renewable energy. Photo by Matias Martin Campaya/EPA
BUENOS AIRES, May 18 (UPI) -- Argentina's Large Investment Incentive Regime, known as RIGI, surpassed $27 billion in approved investment commitments this week after the government authorized two new mining projects under the program aimed at attracting foreign capital.
The initiative, promoted by the administration of President Javier Milei, has now approved 16 projects, while another 20 proposals remain under official review.
RIGI is part of Milei's economic strategy to increase foreign currency inflows and accelerate development in sectors considered critical to Argentina's economy, including oil, natural gas, mining, infrastructure and renewable energy.
The latest approvals include the PSJ Cobre Mendocino copper project in the province of Mendoza and expansion of the Cauchari-Olaroz lithium project in Jujuy.
