Argentina RIGI: BCRA Eases FX Access for Insurers
The central bank's new rule lets insurers buy dollars for reinsurance on RIGI projects, but only with funds traced to approved foreign financing. The post Argentina RIGI: BCRA Eases FX Access for Insurers appeared first on The Rio Times .
Argentina's central bank has implemented new rules allowing local insurers to access foreign exchange for reinsurance payments tied to Régimen de Incentivo para Grandes Inversiones (RIGI) projects. This change, effective August 10, 2026, applies to projects under the country's large-investment incentive regime. Insurers can only use funds from the project's dedicated Single Project Vehicle bank account and must ensure the funds are tied to permitted foreign financing inflows, such as debt settlements or issuances allowed under existing rules.
The rule aims to alleviate bottlenecks in the foreign exchange market for RIGI-backed projects, which often face difficulties in purchasing dollars for reinsurance payments. This targeted exception helps keep the capital account stable while supporting the investment regime, benefiting primarily mining, energy, and infrastructure sectors that comprise over 95% of RIGI projects.
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