Source link The South American country’s economy is now projected to contract for a second straight year The International Monetary Fund (IMF) has revised down its economic outlook for Argentina, forecasting a second straight year of negative growth amid President Javier Milei’s push for what the IMF report calls a “significant policy adjustment” in his […]
Source link Javier Milei has promised radical measures to battle the country’s worst economic crisis in decades Argentina’s new government has announced a sharp devaluation of the peso, cuts to energy and transportation subsidies and a freeze in spending on some major state programs. The measures, announced on Tuesday in a televised appearance by the […]
Source link The president-elect has pledged radical policy measures to deal with the financial crisis Argentina’s president-elect Javier Milei is facing a huge challenge of turning around the nation’s battered economy when he takes office on December 10. Critics claim Milei’s radical proposals are pushing the country into the unknown. RT explores his endeavor to […]
Source link Argentina’s president-elect, Javier Milei, announced on Wednesday that he has chosen former Wall Street stock trader Luis Caputo to be the country’s economy minister. Milei made the announcement on Radio La Red after a two-day trip to Washington in which he met US Treasury and the International Monetary Fund (IMF) officials. Caputo, who […]
Source link Closing down the monetary regulator is part of the president-elect’s radical reform plans Argentina’s incoming president Javier Milei confirmed on Friday that he will keep his promise to shut the nation’s central bank. The statement was posted by his office on X (formerly Twitter). The shutdown was Milei’s signature campaign pledge along with […]
Source link In the early 1990s, the economic policy of Buenos Aires was set as an example to Moscow but, 30 years on, what has it led to? In the 1990s, Argentina was often cited as an example of an “economic miracle” and Russia was advised to take the same economic measures as Buenos Aires: […]
Source link Javier Milei says he is a freedom-loving anarcho-capitalist, but scratch him and a fascist bleeds through The far-right Argentine economist and so-called “libertarian” Javier Milei was elected president on Sunday night, promising to tackle inflation and take a sledgehammer to the state in the midst of an economic crisis. But his proposed policies […]
Source link Argentina’s president-elect, Javier Milei, has promised “shock therapy” to fix the country’s beleaguered economy, which has been hit by one of the world’s fastest inflation rates and a looming recession, Bloomberg reported on Monday. Milei, who beat Economy Minister Sergio Massa in Sunday’s runoff election, is pledging radical measures for the Argentine economy […]
Source link A right-wing populist often compared to Donald Trump, Milei is described as more of a rock star than a politician Libertarian economist Javier Milei has defeated Economy Minister Sergio Massa to become president-elect of Argentina. Milei’s economic proposals are radical, but the populist leader’s personal life – from his passion for “tantric sex” […]