After months of protests and political opposition, in June President Javier Milei’s sweeping economic reforms were finally approved by Argentina’s Senate.
The reforms are part of a wide-ranging omnibus bill – Ley de Bases – aimed at revitalising the country’s beleaguered economy, including measures to deregulate many sectors, privatise public companies, incentivise foreign investment, cut education funding and relax labour laws.
The draft legislation was subject to an intense six-month long debate in both chambers of the Argentine Congress, where Milei’s party, La Libertad Avanza, lacks a majority.
Roberto Durrieu
Latin American Regional Forum Liaison Officer, IBA Rule of Law Forum
It comes against a backdrop of growing discontent from certain sections of Argentine society, who feel Milei’s efforts to drive down inflation and spur economic growth have gone too far, having already devalued the Argentine peso, slashed subsidies, shuttered ministries, defunded cultural and social programmes and made mass public sector lay-offs.
The omnibus bill has drawn criticism from workers and trade unions who argue that the legislation, which allows the president a one-year period in...
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