On Wednesday, December 20th, Argentinian President Javier Milei unveiled comprehensive measures to revitalize Argentina’s struggling economy, MIlei puts emphasis on the reduction of government regulations and the privatization of state-run industries to stimulate exports and attract investments. The right-wing libertarian leader introduced these initiatives for South America’s second-largest economy shortly after a significant number of Argentines protested in the capital against the austerity measures and deregulation actions implemented by Milei the previous week.
Despite the demonstration against austerity and deregulation, which drew thousands of participants, the protests transpired relatively peacefully, following a government advisory cautioning against street blockades. There were isolated scuffles between police and some protesters at the beginning of the event, leading to the arrest of two individuals. However, the overall demonstration concluded without the widespread street blockages that have been a common occurrence in previous years. President Milei’s economic reforms aim to address the economic challenges facing Argentina, focusing on deregulation, privatization, and measures to enhance the nation’s export capabilities and attract investment.
