Javier Milei has turned Argentina into a libertarian laboratory
But the biggest economic test is yet to come
Javier Milei, Argentina’s president, has enjoyed the best week of his term. At dawn on June 13th the Senate passed two bills aiming to boost growth and raise revenue, giving Mr Milei his first legislative victory since he came to power in December. Hours later he travelled to the G7 in Italy, where he giggled with Giorgia Meloni, the prime minister, embraced Pope Francis and palled around with Kristalina Georgieva, the head of the IMF. “I always love our meetings,” he gushed to Ms Georgieva. Yet the relationship between Mr Milei and the fund, which has a $44bn lending programme with Argentina, may soon become less chummy. Uncertainty about the president’s plans for the central bank is worrying investors and the IMF alike.
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This article appeared in the The Americas section of the print edition under the headline “A long way to go”
From the June 22nd 2024 edition
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