Argentina, Javier Milei and Trump
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The Incentive Regime for Large Investments, or RGI, is a main pillars of Argentine President Javier Milei's economic plan., but it might have shortcomings.
Milei’s libertarian party defied poll predictions, tripling its congressional seats to advance free-market reforms.
Milei’s party dominates Argentina’s 2025 midterms, but the LIBRA crypto scandal could threaten his credibility and reform momentum.
The rallies unleashed by Argentina President Javier Milei’s surprising electoral win were stunning, with bond prices posting record gains and the stock market skyrocketing over 20% as investors stampeded back in.
The president of Argentina’s big congressional election victory holds crucial lessons for the U.S., Europe and Japan.
Alongside removing the band—or at least widening it—the government needs a clear monetary policy that uses interest rates to anchor inflation. It also needs to accumulate foreign reserves. Do this, and Argentina could regain access to global capital markets, allowing it to roll over some of its debt. Roughly $20bn of this will come due next year.