ReportsIJRG

International Journal of Global Risks and Governance

Publisher of record
GCRI for the Nexus Consortium
Editor
Saeed Valadbaygi, Chief Steward and Managing Editor, GCRI
Licence
CC BY 4.0, open access
Report series
17
Networks
7

Draft, not yet released. In stewardship review. Not indexed until the first approved release.

Country profile

Argentina: country profile

Abstract. The first annual edition of the Argentina report. It fixes the 2026 reference state, the model, the voice and the positions against which every quarterly edition from Q1 2027 will be measured.

Edition
Argentina 2026
Series
Country Systems Risk and Resilience
Evidence close
30 September 2026
Findings
12
Sources
47
Status
Draft in stewardship review

01Overview

Argentina (República Argentina) enters 2027 with 46.2 million residents [1], an ageing index that rose from 40 to 53 people aged 65 or over per 100 children in twelve years [2], and a poverty rate that INDEC put at 32.3% of people in the first half of 2026, up from 28.2% in the second half of 2025 [3]. Its risks come from water and from fuel. The 2022–23 drought cut the wheat harvest by 44% and, by the grain exchange’s estimate, cost the farm sector about US$33 billion [12]. Paraná River flows in 2019–2022 were the lowest in 118 years of record [18], and a storm in March 2025 dropped about 290 mm of rain in twelve hours on Bahía Blanca, against a previous record of 167.6 mm [14]. On energy, low-carbon sources supplied 42% of electricity in 2025 [8] while crude oil output passed 900,000 barrels a day in 2026 [10]. The national inventory reports 400.9 MtCO₂e including land use for 2022 [4], and the 2025 climate contribution sets a net ceiling of 375 MtCO₂e for 2030 and 2035 [6]. This Baseline Edition fixes the reference state for Argentina’s water, energy, food, health and biodiversity systems, maps the couplings through which drought, flood, fire and supply shocks travel, and sets the questions the first operational edition will answer with Foundry evidence in Q1 2027. It decides nothing and compares no one.

02At a glance

population, 2022
46.2 million
people aged 65+ per 100 aged 0–14, 2022
53 per 100
inventory total incl. land use, 2022
400.9 MtCO₂e
low-carbon share of electricity, 2025
42 %
land protected, 2025
10.4 %
people below the poverty line, H1 2026
32.3 %

03Key findings

Key findings
FindingStatusQualitySource
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04Domain reading

Each of the twelve coupled domains is read in words, not scored. The coupling column names the dependency that carries risk into other systems.

Domain reading
SystemReadingCouplingStatusQuality
WATLarge river basins; record low Paraná flows 2019–22; flash floods in coastal and Pampas cities.WAT → FOO · WAT ↔ ENEReported4
ENELow-carbon share 42%; oil output at a record; gas and hydro balance in dry years not bound.ENE ← WAT · ENE → allReported3
FOOMajor grain exporter; harvests swing with rainfall; wheat estimate record in 2025–26.FOO ← WAT, CLIReported3
HLTAgeing index 53 per 100; dengue season low in 2025–26; chikungunya in the north-west.HLT ← CLIReported3
BIOProtected land 10.4% and sea 8.5%; forest loss in the north reported by NGO survey.BIO ↔ WAT, FOOReported3
CLIDrought, fire and flood in successive years; record rain at Bahía Blanca in 2025.forcing on all systemsReported4
INFRiver ports and grain logistics depend on Paraná depth; wider networks not mapped.INF → allInferred2
FINUS$20 billion IMF programme; poverty 32.3% in H1 2026.FIN ← CLIReported4
DATDigital dependencies of lifelines not mapped at public-safe resolution.DAT → ENE, FINExpert input1
AICData-centre and compute demand on power and water not bound.AIC → ENE, WATExpert input1
MINSecond-largest lithium producer in Latin America and the Caribbean.MIN ← TRDReported3
TRDGrain, oil and gas exports tie national accounts to weather and prices.TRD → allInferred3

05Sector screen

All sixteen sectors are screened on the same grammar, so that later editions can say what changed. The evidence column describes coverage of the baseline evidence, not the performance of the sector.

Sector screen
CodeSectorBaseline evidenceExposureCoverage
GS-00Cross-systemcompound drought, river and fiscal stressdrought with low river flowsPARTIAL
GS-01Waterriver flows and flash floods [14] [18]drought; floodPARTIAL
GS-02Energylow-carbon share 42% [8]; oil record [10]dry-year power balancePARTIAL
GS-03Fooddrought loss and wheat rebound [12] [13]harvest swingsGOOD
GS-04Healthageing; dengue and chikungunya [2] [20]heat; vector-borne diseasePARTIAL
GS-05FinanceIMF programme [26]; poverty [3]fiscal shock costPARTIAL
GS-06Developmentpoverty 32.3% [3]service strainPARTIAL
GS-07Climateextremes in successive years [14] [16] [19]drought, rain, fireGOOD
GS-08Disasternational risk-management law [30]flash flood and fireTHIN
GS-09Infrastructureriver ports and grid; not mappedlow river; stormsTHIN
GS-10CitiesBahía Blanca flood [14] [15]urban floodingPARTIAL
GS-11Biodiversityprotected area 10.4% land [21]forest and wetland lossPARTIAL
GS-12Earth observationnational weather and satellite records used [14] [17]continuityPARTIAL
GS-13Cyber and digitaldependencies not yet mappedsystemic outagesTHIN
GS-14Policyclimate law and forest law [27] [28]coordination across levelsPARTIAL
GS-15Sciencepeer-reviewed basin research [18]translation to regionsPARTIAL

06System couplings

The Argentina matrix types the twenty couplings between the five core systems. Strengths are Nexus estimates from the cited evidence and analogue events; they set the starting graph that the Q1 2027 Foundry cut will test.

System couplings
CouplingStrengthCarried by
WAT to ENEStronghydropower · cooling
WAT to FOOStrongrain-fed yield · irrigation
WAT to HLTModeratedrinking water
WAT to BIOStrongflows · wetlands
ENE to WATModeratepumping · treatment
ENE to FOOStrongfuel · fertiliser · cold chain
ENE to HLTStrongfacility power · cooling
ENE to BIOModeratereservoirs · land use
FOO to WATModeratewithdrawals · nutrients
FOO to ENEWeakbiofuel feedstock
FOO to HLTStrongnutrition · food safety
FOO to BIOStrongland conversion
HLT to WATWeakworkforce
HLT to ENEWeakworkforce
HLT to FOOModeratelabour · disease
HLT to BIOWeakresidues
BIO to WATStrongregulation · filtration
BIO to ENEModeratefire on lines · biomass
BIO to FOOStrongpollination · soils
BIO to HLTModeratezoonoses · smoke

07Risk objects

Four risk objects open the portfolio. Order carries no rank. Each is read across driver, exposure, vulnerability, capacity, cascade and consequence.

  • Multi-year drought and low river flows

    Reported EQL 4

    Driver
    rainfall deficit across the Pampas and the Paraná basin
    Exposure
    grain harvests, river ports, hydropower, public revenue
    Vulnerability
    export dependence; fiscal room under an IMF programme
    Capacity
    not bound at evidence close
    Cascade
    CLI → WAT → FOO, ENE, FIN, TRD
    Horizon
    1–5 years
  • Flash flood and storm in a port or river city

    Reported EQL 3

    Driver
    extreme rainfall over urban catchments
    Exposure
    coastal and river cities, lifelines, homes
    Vulnerability
    drainage capacity; uninsured households
    Capacity
    national risk-management law exists [30]; drill records not bound
    Cascade
    CLI → WAT → INF, HLT, FIN
    Horizon
    annual
  • Large fire in wetlands, savanna or forest

    Reported EQL 3

    Driver
    drought and ignition in dry vegetation
    Exposure
    Corrientes, the Paraná delta, northern forests
    Vulnerability
    dry peat and grass; remote response
    Capacity
    national fire management service reports [16]
    Cascade
    CLI → BIO → HLT, WAT
    Horizon
    seasonal
  • Heat and vector-borne disease load on health services

    Inferred EQL 2

    Driver
    hotter seasons and mosquito range
    Exposure
    north-west and north-east provinces, older adults
    Vulnerability
    ageing index 53 per 100 [2]
    Capacity
    epidemiological bulletin in weekly use [20]
    Cascade
    CLI → HLT → ENE peak
    Horizon
    seasonal

08Capability ladder

Existence is not readiness. Each of the fifteen capability functions is placed on the ladder by the strongest public evidence at baseline.

Capability ladder
FunctionLevelEvidence
Prevention and mitigationListednational climate change law sets budgets and plans [27]
Monitoring and observationExistsnational weather service and hydrological records used in this edition [14] [18]
Early warningNot boundsource: SMN and civil protection warning records · blocker: not reviewed by evidence close
Preparedness and planningListednational risk-management system created by law [30]; drill records not bound
Redundancy and reservesNot boundsource: Secretaría de Energía and basin storage data · blocker: not retrieved
ResponseNot boundsource: civil protection event reports · blocker: not reviewed
Continuity of critical servicesNot boundsource: utility restoration records for Bahía Blanca · blocker: not retrieved
RecoveryNot boundsource: recovery and fund disbursement records · blocker: not published in the sources read
AdaptationListedadaptation duties set by the climate change law [27]
Social protectionNot boundsource: national social-protection programme data · blocker: not reviewed
Finance and insuranceNot boundsource: insurance regulator loss and cover data · blocker: not retrieved
Institutional coordinationListednational risk-management system and climate cabinet created by law [27] [30]
Technical infrastructureNot boundsource: grid and port asset registers · blocker: not mapped at public-safe resolution
WorkforceNot boundsource: health and civil protection workforce data · blocker: not reviewed
Research capacityExistspeer-reviewed flow analysis of the Paraná basin published [18]

09Scenario

Multi-year drought with low Paraná flows. A conditional statement under stated assumptions, never a prediction.

Scenario assumptions
AssumptionSetting
Baselinethe 2026 reference state in this edition
Driverstwo consecutive seasons of rainfall deficit over the Pampas and the upper Paraná basin, with low river levels in the export season
Analoguesthe 2022–23 drought [12]; Paraná low flows 2019–2022 [18]
Interventionsnone modelled; the specification describes the unmitigated case
Run statenarrative specification; quantified Foundry run scheduled for Q1 2027

10Lenses

The baseline is read through each steward’s lens, then once as a whole. Each lens is a projection of reviewed findings, not a separate argument.

  • Technical Truth

    GCRI · KEY T

    The evidence supports a coupled reading of Argentina’s risk: water extremes dominate the farm economy, the energy system is changing, and public finances limit the buffer. Evidence is strongest for emissions, harvests and storms, and weakest for reservoir storage, heat deaths and lifeline continuity.

  • Public Meaning

    GRF · KEY M

    For most people risk arrives as a price rise, a flood or a dry season. The baseline asks that public debate weigh how poverty at 32.3% changes who can absorb a bad harvest or a flooded home.

  • Capital Meaning

    GRA · KEY F

    Readiness implications only. Grain earnings carry public revenue, and the IMF programme frames fiscal room [26]. These show where finance-readiness evidence will matter. Nothing here is advice, a rating or a recommendation.

  • Synthesis

    NEXUS

    Argentina holds long weather and river records, and thinner evidence on storage, reserves and service continuity. The 2027 programme should test the drought–river–revenue chain, map the gas and hydro balance in dry years and bind a national heat-mortality series.

11Portfolio

Five initiatives and one Universe mission candidate are proposed for admission at the Q1 2027 alignment. They are programme objects, no partner, funder or member is attached to them in this edition.

Portfolio
CodeObjectKindAnswersStatus
INI-ARG-WAT-01Drought, river and revenue test for the Paraná basinInitiativeA-01Proposed
INI-ARG-ENE-02Power balance in dry yearsInitiativeA-02Proposed
INI-ARG-FOO-03Grain export exposure to weather and river logisticsInitiativeA-03Proposed
INI-ARG-HLT-04Heat and vector-borne disease surge baselineInitiativeA-04Proposed
INI-ARG-FIN-05Flash flood and storm protection gapInitiativeA-05Proposed
PRJ-ARG-WAT-01aParaná basin dependency graphProjectA-01Proposed
MSN-ARG-2027-01Drought–river–revenue Universe missionMissionA-01Candidate

122027 agenda

Eight bounded questions open the 2027 National Agenda. Each comes from a baseline finding, names the initiative that will carry it and the first output due at the Q1 2027 cut.

  1. A-01

    How would a multi-year drought with low Paraná flows cut harvests, river exports, hydropower and public revenue together?

    INI-ARG-WAT-01 · drought–river–revenue test

  2. A-02

    How does the gas and hydro balance hold in a dry, cold year as oil and gas output grow?

    INI-ARG-ENE-02 · power in dry years

  3. A-03

    How exposed are grain exports to river logistics and weather together?

    INI-ARG-FOO-03 · export exposure

  4. A-04

    How much surge capacity do health services hold for heat and vector-borne disease?

    INI-ARG-HLT-04 · heat and vectors

  5. A-05

    Where do flash floods and storms fall on uninsured households and public budgets?

    INI-ARG-FIN-05 · protection gap

  6. A-06

    How do fire and drought interact in the Paraná delta and the north-east?

    INI-ARG-BIO-01 · fire and wetlands

  7. A-07

    How would a changed forest or glacier law alter basin risk?

    to be admitted in Q1 2027

  8. A-08

    Which capabilities have been tested in real events, and which are only listed?

    national capability register

13Coupled risk, applied response

Illustrative Structure only. The strengths fill in when real NXS-GRX (canonical data, provenance and risk) cuts exist.

No relation strengths yet.

Cells read no cut. No strength is drawn or implied.

No value to show. Source: Index (NXS-GRX) public API, series and relation classes. Blocker: The Index publishes no value until an edition is released from a governed evidence cut.

Risk: 6 sectors, 15 relations

Fifteen relations between six sectors. Strength is shown only when a cut supplies it.
SectorWaterEnergyInfrastructureFoodHealthBiodiversity
Water·no cutno cutno cutno cutno cut
EnergySee Water to Energy·no cutno cutno cutno cut
InfrastructureSee Water to InfrastructureSee Energy to Infrastructure·no cutno cutno cut
FoodSee Water to FoodSee Energy to FoodSee Infrastructure to Food·no cutno cut
HealthSee Water to HealthSee Energy to HealthSee Infrastructure to HealthSee Food to Health·no cut
BiodiversitySee Water to BiodiversitySee Energy to BiodiversitySee Infrastructure to BiodiversitySee Food to BiodiversitySee Health to Biodiversity·

Response: 6 pillars

  • Labs

    Explore, experiment and prototype

  • Foundry

    Build, simulate and prepare

  • Universe

    Convene and test

  • Nexus Standards

    Codify, correct and apply

  • Reports

    Publish in every format

  • Risk Academy

    Teach in the open

Each pillar answers a relation through its verb. A relation with no cut has no response claimed.

14Evidence by system

Evidence by system
SystemFindingsStatusBasis
Climate · forcing3Reportedrainfall extremes and drought by region
Water1Reportedbasin storage and low-flow thresholds
Energy2Reportedgas and hydro balance in dry years
Food1Reporteddrought loss and export logistics
Health and population1Reportedheat deaths and vector-borne disease
Biodiversity1Reportedforest loss on an official basis
Finance and trade1Reportedfiscal room under an IMF programme
Cross-system1Expert inputdrought–river–hydropower–revenue test

15Sources

47 numbered sources, editor first. Open the reference list and the data appendix.

16Cite, corrections and licence

The full citation, BibTeX and RIS are on the edition page. Corrections go through the gateway and are logged in Annex C. Text is CC BY 4.0.

Cite

Saeed Valadbaygi, Chief Steward and Managing Editor, the Global Centre for Risk and Innovation (GCRI) (Ed.). (2026). Argentina: country profile. In Argentina 2026 [Draft under review]. GCRI for the Nexus Consortium.

Review copy. The DOI is issued at deposit. Text under CC BY 4.0.

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