Milei Unveils Broad Reforms to Liberalize Argentina Economy
- Plan will face opposition in congress and from labor unions
- Measures come after deep budget cuts, sharp peso devaluation
Javier Milei
Photographer: Anita Pouchard Serra/BloombergThis article is for subscribers only.
President Javier Milei announced sweeping reforms to reduce the hand of the state in Argentina’s economy, including steps to privatize companies, facilitate exports and end price controls, in a bold political move that’s likely to face pushback in congress and courts.
The libertarian leader listed 30 initial points of his plan in a televised address Wednesday night, adding they’re part of a broader package containing over 300 measures. He presented the all-around reforms as an attempt to free Argentines from the “oppression” of the state and its bureaucrats, in line with his campaign pledges.