Argentine Markets Soar as President Milei's Fiscal Reforms Pay Off
Monday, 25 March 2024, 13:58
Argentine Markets Rally Ahead of Easter Break
Argentina's markets are in celebration mode ahead of the long Easter public holiday with sovereign bonds and equities on a prolonged rally buoyed by fiscal tightening and pro-investor measures taken by libertarian President Javier Milei.
Sustained Growth and Reforms
- Dollar bonds hit record highs following the debt restructuring in 2020.
- President Milei aims to achieve a zero deficit and implement stringent spending cuts, which have been well received by investors.
- Milei has been commended for rebuilding reserves and achieving fiscal and trade surpluses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.