Buenos Aires (Agencies): Argentine President Javier Milei has unveiled an extensive package of economic reforms, including the privatization of state-owned companies and the elimination of export limits and price controls, as part of his “economic shock therapy” approach to address the country’s severe economic crisis.
Milei, a self-described anarcho-capitalist, signed a decree outlining over 300 measures aimed at deregulating the economy and fostering economic growth.
The reforms encompass various sectors, including labor law, tourism, satellite internet services, pharmaceuticals, wine production, and foreign trade.
The announcement comes in the wake of a 54% devaluation of the peso and other austerity measures by the new government.
The reforms, however, have faced criticism, with protests in Buenos Aires expressing discontent and demanding more support for the poor.
Argentina grapples with high inflation, widespread poverty, and economic challenges rooted in decades of debt and financial mismanagement.