From Peso Devaluation To Welfare Initiatives: Javier Milei’s Economic Reform Underway, But Investors Want More
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Benzinga
Benzinga
Just two days after assuming office, Argentina’s PresidentJavier Milei’s government has initiated a comprehensive ten-point economic reform plan in an effort to rejuvenate the country’s faltering economy. Regardless, investors remain eager for more significant action. What Happened: Luis Caputo, the Economy Minister, disclosed several measures. These steps include depreciating the Argentine peso to 800 per dollar from 366.5, downsizing the number of ministries, decreasing provincial financing, halting public works, and cutting back subsidies on the energy and transport sectors. The administrat…