Milei Sets Up Argentina Privatizations for Airline, YPF
- New president vows to sell off tens of state companies
- Sweeping decree still needs support in a divided congress
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President Javier Milei took the first step to privatize state-run Argentine companies with a sweeping decree that opens the door for private business to take control of key sectors.
Milei — a libertarian who wants to shrink government and deregulate to flip the switch on Argentina’s crisis-prone economy — announced a slew of reforms Wednesday night that would allow tens of state-controlled firms, many of them money-losing, to be sold off.