Argentina’s Milei Vows to Pay Country’s Debt While Shuttering the Central Bank
- Presidential candidate says fiscal plan will create financing
- Sovereign bonds have sold off since unexpected result
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Argentina’s leading presidential candidate Javier Milei pledged to close the nation’s central bank while saying he would make every effort to avoid a default on the country’s sovereign debt if he wins the October vote.
Milei, a radical libertarian whose surprise win in Sunday’s primary vote roiled markets, told Bloomberg News his bold fiscal adjustment will boost Argentina’s reputation and credit profile, making a default unnecessary.