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Milei Consolidates ‘Iron Triangle’ as Opposition Mobilizes and Justice Minister Scandal Intensifies

IMF disbursement has calmed peso volatility with Congress preparing to debate provincial funding, hospital financing, Justice Ministry accountability

Overview

  • A recent IMF disbursement has calmed peso volatility and stabilized the dollar near record highs
  • President Milei affirmed his ‘iron triangle’ inner circle of Karina Milei, Santiago Caputo and Guillermo Francos to centralize decision making
  • Opposition deputies in the Chamber of Deputies requested a special session on Aug. 6 to advance university financing, address the Garrahan hospital emergency and push provincial funding laws
  • Six provincial governors issued a joint communiqué demanding fair federal transfers for ATN contributions and fuel taxes and signaled coordinated electoral strategies for October’s Senate contests
  • Justice Minister Mariano Cúneo Libarona faces calls for removal after a leaked video showed him offering tailored legislation and access to judges and journalists to US ex-agent Tim Ballard