Milei's economic reforms take effect in Argentina
The Peninsula
Buenos Aires: Argentine President Javier Milei s flagship economic reforms kicked in Monday, ushering in privatizations, relaxed labor protections and...
Buenos Aires: Argentine President Javier Milei's flagship economic reforms kicked in Monday, ushering in privatizations, relaxed labor protections and incentives to boost investment in a country battling decades of decline.
The package of reforms was enacted after months of debate and violent protests against the bill, amid a punishing recession and harsh austerity measures that have hit Argentines hard.
The self-declared "anarcho-capitalist" president now has the green light to declare a one-year state of economic emergency, disband federal agencies and privatize about a dozen public companies.
Other measures deal with weakening labor protections -- slammed by left-wing opponents as a license to fire workers.
The provisions also envision tax, customs and foreign exchange incentives to encourage investment in the country wracked by economic crisis.
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