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[POLITICS] · Argentina · 100 sources

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Javier Milei holds Cabinet meeting to reaffirm economic direction

President Javier Milei held his first full Cabinet meeting at Casa Rosada in 45 days to coordinate legislative strategy and review economic indicators. During the meeting, Milei reaffirmed his commitment to the current economic path, stating he would not modify his administration's principles to suit the electoral calendar. He emphasized that the government aims to build credibility and will not resort to populism to win elections.

A central topic of discussion was the rise in banking delinquency. While some reports indicate nearly 6 million people in Argentina face overdue debts, the government maintains that these indicators do not reflect a systemic crisis and that delinquency rates have begun to show a downward trend. To address this, the administration is considering new regulations to increase transparency in how banks and fintech companies advertise credit costs and interest rates.

The meeting also served as a precursor to a critical legislative session in the Chamber of Deputies. The government is prioritizing the reform of the Central Bank's Organic Charter and the 'Inocencia Fiscal II' project. Additionally, the administration is working on measures to improve credit access by renegotiating interest rates and extending payment terms. Economic Minister Luis Caputo is expected to announce further measures regarding credit transparency and financial services.

Entities

Alberto Weretilneck · Casa Rosada · Central Bank of Argentina · Central Bank of the Argentine Republic · Chamber of Deputies · Diego Santilli · Javier Milei · Karina Milei · Luis Caputo

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Sources

Informe Ciudadano [www.informeciudadano.com.ar]