LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

December 21, 2023

Can Milei’s Shock Therapy Revitalize Argentina’s Growth?

Argentine President Javier Milei announced last week a new slate of economic policies he dubbed “shock therapy.” // File Photo: Argentine Government.

Q

A

Miguel A. Kiguel, executive director of EconViews in Buenos Aires: “Milei has started his term on the right foot. He inherited an economy that was in intensive care with negative international reserves, a grossly overvalued currency, rampant inflation, a large fiscal deficit and no access to international credit. He is taking steps to correct it. The response has been a stabilization package that includes a very ambitious fiscal adjustment, which is intended to be the anchor of the overall macroeconomic program. The target is to eliminate the overall fiscal deficit through a reduction in expenditures of around 3 percent of GDP and increases in tax revenues amounting to 2 percent of GDP. It will be a difficult goal to reach, but even if…”

Top News

U.S. Frees Saab in Prisoner Swap with Venezuela
The United States secured release for 10 Americans on Wednesday in a prisoner swap with Venezuela that freed Alex Saab, a close ally of President Nicolás Maduro.
Mexican Business Group Protests Costly Rail Border Closure
The Mexican Employer’s Association claimed Wednesday that the closure of railway crossings at the Texas border is costing them an estimated $100 million daily in delayed shipments.
Suriname Court Upholds Bouterse Conviction
A top court in Suriname upheld former President Desi Bouterse’s 20-year prison sentence on Wednesday. The leader was convicted in 2019 in connection with over a dozen murders in 1982. // File Photo: Government of Suriname.

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
Adtalem Global Education

Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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