Overview
- In its Latin America outlook released Friday, the OECD describes Milei’s ‘plan motosierra’ as a model of radical liberalization that is not a traditional productive development plan and warns it could weaken Argentina’s long-built industrial capabilities.
- The report acknowledges macro stabilization since 2024, citing fiscal consolidation, the halt to Treasury monetary financing, near-monthly primary surpluses in 2024, and a significant drop in inflation.
- On the same day, President Javier Milei held a private, extended session at the Council of the Americas in New York with executives from firms including Morgan Stanley, Pfizer, PepsiCo, Glencore, Merck, FedEx, Cisco Systems and Salesforce.
- Milei pitched further deregulation, tax reductions, employer-friendly labor changes and protection of pharmaceutical patents, presenting Argentina as investment-friendly to multinationals across energy, mining, technology and consumer sectors.
- Investor discussions included calls reported by media for clearer currency policy, with PIMCO urging a freer dollar float, as Milei leverages recent legislative gains and a U.S. trip that also featured appearances at the American Business Forum and a CPAC gala at Mar-a-Lago.