Overview

• The October 2025 legislative elections are seen as pivotal for sustaining President Javier Milei's economic stabilization agenda, according to JP Morgan's Argentine CEO.
• Milei's administration has made strides in restructuring the Central Bank, deregulating sectors, and integrating Argentina into global markets, earning cautious praise from investors.
• Despite these advances, key structural reforms in pensions, labor, and taxation are still needed to secure sustainable long-term growth.
• Argentina's country risk is gradually easing, with projections of a return to international credit markets by early 2026 if stabilization efforts persist.
• Historical economic instability, including nine sovereign defaults and significant capital flight, continues to fuel investor skepticism about the country's economic trajectory.