Goldman Touts Argentine Bonds as Milei Overhaul Gains Momentum
- Milei gets a friendly reception during first days in office
- Currency holding steady since government announced devaluation
Javier Milei
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Victories, big and small, keep piling up for Argentina’s new president.
Days after debuting a tough-love plan that calls for a radical remake of the economy in line with his libertarian ethos, Javier Milei scored a vote of confidence when Goldman Sachs Group Inc. recommended the country’s bonds. The peso held steady in parallel markets, and local banks eagerly rolled over short-term notes that they’d eschewed as recently as last week.