May 6, 2024

News and Political Commentary

Milei Sets Up Aerolineas and YPF for Privatization in Argentina

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President Javier Milei took the first step to privatize state-run Argentine companies with a sweeping decree that opens the door for private business to take control of key sectors.

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(Bloomberg) — President Javier Milei took the first step to privatize state-run Argentine companies with a sweeping decree that opens the door for private business to take control of key sectors. 

Milei — a libertarian who wants to shrink government and deregulate to flip the switch on Argentina’s crisis-prone economy — announced a slew of reforms Wednesday night that would allow tens of state-controlled firms, many of them money-losing, to be sold off.

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Bloomberg News

2023-12-20 22:01:00

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