Senate to Debate BCRA Reform and Cold Zone Changes

The Argentine Senate is set to hold a session on Thursday to discuss and potentially approve two key economic reforms: the modification of the Organic Charter of the Central Bank (BCRA) and changes to the Cold Zone law. The BCRA reform aims to ensure the institution's independence by prohibiting direct or indirect financing from the Treasury and limiting the purchase of public titles. It also introduces changes to the removal process for the president and board members, requiring a two-thirds majority in both chambers of Congress. The Cold Zone reform seeks to reduce gas subsidies by limiting them to Patagonia, Malargüe, and the Puna, while introducing 'warm zones' for other regions with compensated electricity tariffs. The session's outcome is uncertain due to differing opinions among political blocs.