Argentine President Javier Milei has plenty to celebrate as he begins the second year of his presidency. The eccentric, far-right libertarian has delivered on two of his key campaign promises: eliminating the government’s fiscal deficit and curbing high inflation. The economy is growing again, and Argentine bonds—once trading at a fraction of their nominal value—are now rallying.
Domestically, Milei’s popularity has risen to slightly over 50 percent, and internationally, he has gained celebrity status among tech enthusiasts and radical free-market advocates. He also counts himself as one of the closest international allies of U.S. President-elect Donald Trump, who will return for a second term in January.
During a recent speech, an ebullient Milei abandoned his characteristic apocalyptic tone, confidently proclaiming that “from now on, there will only be good news.”