Javier Milei pushes central‑bank reform and tight fiscal policy amid debt payments and foreign outreach

President Javier Milei convened a full‑cabinet meeting after the Independence‑Day Tedeum in Buenos Aires, where he detailed the draft reform of the Argentine Central Bank’s organic charter. The proposal would strip the Bank of its five‑objective mandate, limit its role to preserving the peso’s value, ban direct or indirect financing of the fiscal deficit, strengthen governance and eliminate non‑transferable letters of the Treasury. Milei said the bill will be sent to Congress in the coming weeks.

He also defended the government’s economic record, claiming consumption and exports are at historic peaks and citing a recent US$4 billion debt payment made with domestic dollar‑denominated bonds, avoiding international markets. The administration’s strategy combines a “torniquete” on the dollar, fiscal discipline and alignment with IMF targets.

Milei announced an aggressive diplomatic agenda, including an “Argentina Week” commercial tour that could reach London before year‑end, a July visit to Brazil to support Senator Flavio Bolsonaro’s presidential bid, and planned trips to Peru, Colombia and Ecuador for presidential inaugurations. He warned that if the budget is exhausted the state could trigger an automatic “shutdown” mechanism, a measure he likens to the U.S. practice.

Overall, the president is tying monetary reform, debt management, fiscal tightening and regional outreach together as part of his broader plan ahead of the 2027 elections.