Since his impressive electoral victory in November 2023, the previously unknown Javier Milei has achieved some success with his radical economic stabilization plan for Argentina. Inflation more than halved to about 117 per cent over the course of 2024, the fiscal deficit is under control and the exchange rate has stabilized. Argentina’s president also implemented an ambitious deregulation programme to remove investment bottlenecks and significantly reduced the size of the federal government.
Many of these initiatives have caught the attention – and earned the praise – of world leaders, notably Donald Trump and prominent figures in his government, such as Elon Musk. Milei even attended Trump’s presidential inauguration ceremonies at his invitation.
