Argentine Congress Seals 1st Legislative Win for President Milei after Months of Debate and Protests

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Argentina Congress Milei Law President Economy News

Argentina's lower house on Friday approved President Javier Milei's sweeping economic overhaul bills, sealing a muchneeded legislative victory for the libertarian leader after six months of bruising negotiations and raucous protests that had raised questions about his...

BUENOS AIRES, Argentina — Argentina's lower house on Friday approved President Javier Milei's sweeping economic overhaul bills, sealing a much-needed legislative victory for the libertarian leader after six months of bruising negotiations and raucous protests that had raised questions about his ability to govern.

Milei's administration hailed the law's passing as putting Argentina “on the path toward the free and prosperous country that Argentines chose” in last November's election. The government blamed the turbulent process on"obstructionism" by Milei's hard-line opponents. “Milei obtained a minimum viable product from Congress to show the market that he has some willingness and ability to compromise with the political establishment,” said Marcelo J. García, director for the Americas at the New York-based geopolitical risk consultancy firm Horizon Engage.

 

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