Milei Opens a New Era: What Comes Next in Argentina Policymaking
- President-elect’s challenges include his transition and team
- Questions remain over plans for what amounts to shock therapy
Javier Milei waves to supporters after winning the presidential election runoff in Buenos Aires on November 19.
Photographer: Luis Robayo/AFP/Getty ImagesThis article is for subscribers only.
Javier Milei’s victory in Argentina’s presidential election opens a new and uncertain chapter in the South American nation’s convoluted history.
While Milei has been careful in his first words as president-elect, appearing moderate and extending an olive branch to whomever wants to join his political project to “rebuild” Argentina, the country doesn’t have time to lose. With inflation expected to exceed 180% by year’s end, contracting activity and no international reserves at the central bank, the risk of the economy spinning out of control is growing.