La Derecha Diario The Friedman Institute labeled Milei's management as an example for Europe.
'The Argentine example shows that it's possible to recover an economy in crisis by reducing the weight of the State,' he stated
Argentina advances in its economic recovery thanks to Javier Milei's liberal reforms. Inflation falls, markets react positively, and investor interest grows. Alessandro Bertoldi, director of the Friedman Institute, awarded him the "Milton Friedman International Prize 2024" in Rome and assures that the Argentine president's management is a "model to follow."
Alessandro Bertoldi is the executive director of the Friedman Institute, a think tank dedicated to promoting economic liberalism. In December 2024, at the headquarters of the newspaper Il Tempo in Rome, Bertoldi presented Javier Milei with the Milton Friedman International Prize 2024, a recognition for leaders who defend economic freedom and open markets.
Since then, he has closely followed the impact of the reforms promoted by the Argentine leader. During an internationalization mission in Argentina, Bertoldi highlighted:
"Argentina is experiencing an extraordinary economic recovery under Milei's management. His libertarian policies, focused on liberalization, deregulation, and drastically reducing the role of the State, are generating real changes."
Inflation down and fiscal balance: the figures of change
One of the greatest achievements of Milei's administration has been controlling inflation. In August 2024, the annual rate was at 236.7%, but by January 2025 it had reduced to 2.2% monthly, achieving unprecedented stabilization in decades.
"The annual rate, which had peaked at 289.4% in April 2024, fell to 117.8% by the end of the year. For comparison, under Alberto Fernández's government, the annual inflation in 2023 was 211.4%," the report notes.
Additionally, Argentina achieved a fiscal surplus in 2024 for the first time in 123 years. This allowed the payment of 4.3 billion dollars to sovereign bond investors in January 2025, which reinforced market confidence and raised the value of Argentine securities.
Foreign investments: an opportunity for Italy
The new economic scenario in Argentina has sparked interest from investors in key sectors such as energy, mining, and agribusiness. However, trade with Italy remains limited.
"Italy and Argentina are still not significant economic partners. It is crucial to close this gap and take advantage of Argentina's new economic direction", highlighted entrepreneurs and politicians who participated in the mission organized by the association I Sud del Mondo, with the support of Senator Mario Borghese.
The International Monetary Fund (IMF) forecasts that Argentina's GDP will grow by 5% in 2025, surpassing the Central Bank's estimates. Meanwhile, the Government is negotiating a new financing program for 20 billion dollars with the IMF to consolidate macroeconomic stability.
Social impact: purchasing power improves and poverty falls
The economic reforms are also beginning to generate improvements on the social front. The drop in inflation has allowed for the recovery of purchasing power and a reduction in poverty levels, according to recent indicators.
Argentina as an economic model for Europe
Bertoldi argues that the Argentine case is an example for European countries facing deficit and excessive public spending issues.
"The Argentine example shows that it is possible to recover a crisis economy by reducing the weight of the State and unleashing market forces", he stated.
He also highlighted that the Italian community in Argentina, the largest in the world with more than 900,000 citizens registered in the AIRE, represents a strategic bridge to strengthen the bilateral relationship.
In this context, Italian entrepreneurs have requested the prompt opening in Buenos Aires of the headquarters of the Italian Agency for Development Cooperation, with the aim of promoting joint projects.
The "Argentine miracle" and its global impact
Milei's economic model is reshaping Argentina's relationship with international markets. According to Bertoldi, the ongoing transformation could redefine the economic balance of Latin America and open new opportunities for global investors.
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