President Javier Milei is preparing to embark on an ambitious push to reform Argentina’s economy when a friendlier Congress takes office Wednesday. Investors hope it’s just the opening act to a much bigger move: dismantling the rigid currency controls that defined his first two years in office.
Milei’s party exceeded expectations in October congressional elections, turning a tiny delegation into the lower house’s largest caucus while capturing nearly a third of the Senate. The victory – with substantial help from Donald Trump – has set the stage for him to muscle through major labour and tax reforms that both Milei and markets see as key to boosting growth and unleashing Argentina’s beleaguered economy.
Bonds and stocks have rallied o
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