Argentina's Milei Advances Economic Overhaul Amid Rising Social Tensions

President Javier Milei's aggressive free-market reforms have reduced inflation and attracted international support, but austerity measures continue to fuel domestic protests.

• President Javier Milei has secured a $20 billion IMF loan and lifted capital and currency controls as part of sweeping economic reforms aimed at reversing Argentina's economic decline.
• Inflation has dropped significantly, from nearly 300% to 55% annually, marking a key achievement of Milei's administration.
• The government has implemented severe austerity measures, including mass layoffs of public employees, pension cuts, and halting infrastructure projects, causing widespread social unrest.
• Milei has abandoned his campaign promise to dollarize the economy, instead choosing to stabilize the peso through government intervention.
• Strengthened ties with the United States, including collaboration with political figures like Donald Trump, have bolstered international support but raised questions about long-term economic strategy.

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