Javier Milei welcomed the improvement of the Argentine score by Fitch Ratings and highlighted the announcement of a mega-investment by Chevron for more than $10 billion under RIGI
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In a demonstration of global leadership and technical strength, President Javier Milei completed a successful whirlwind tour this Wednesday in Los Angeles, where he spoke at the 29th Global Conference of the Milken Institute.
As a tangible result of the trust generated by this new model, a mega-investment was announced by the American oil company Chevron for more than $10 billion under the framework of the RIGI (Incentive Regime for Large Investments).
The head of state was forceful in demanding international recognition in line with the efforts made by the Argentine people: “We deserve to have our credit rating improved and that the country's risk also goes down because we are serial
and consistent payers.”
This demand is based on an undeniable market reality; the Fitch Ratings rating agency has already raised Argentina's rating from “CCC” to “B-”, causing an outburst of confidence that raised the S&P Merval index by 4.4% and left the country's risk close to 500 points.
During his presentation, Javier Milei broke down the figures for what is already considered an economic miracle: Inflation plummeted from 300% to just
30% per year
.
The economy experienced strong growth of 10%.
Poverty was reduced by almost half, rescuing 14 million people from marginalization.
The debt-to-GDP ratio fell dramatically from 157% to 73% (reaching 39% if intra public sector debt is excluded).
Foreign debt of USD 20 billion was canceled, a figure that, adjusted for inflation, would reach USD 50 billion.
Javier Milei and Michael Milken
The Minister of Economy, Luis Caputo, and the Secretary of Finance, Pablo Quirno, were part of the delegation that guaranteed the arrival of capital. Caputo confirmed, after meeting with Chevron's top management (including CFO Eimar Bonner and Laura Lane), that the oil company, which is already operating in Vaca Muerta, will ship the new project in the coming days.
On the external front, the government shows enviable strength: exports exceeded $100 billion, investments totaled another $100 billion, and the Central Bank managed to accumulate purchases of more than $7.2 billion so far in 2026.
On a more doctrinal level, Milei evoked the figures of Juan Bautista Alberdi and Domingo Faustino Sarmiento to propose a deep integration with the United States. The President envisioned a golden era of trade: “This convergence between two sister nations reopens the possibility of a free trade agreement that should have been signed two decades ago and that will redefine
the hemisphere's economic map.” The president, Javier Milei. Finally, with a message full of hope for peoples oppressed by socialism, Milei called for extending the American dream from Alaska to Tierra del Fuego.
“We hope that soon this will include our beloved Cuba and Venezuela, so that the model of freedom will reach even the last corners of communism in the continent,” he concluded to the applause of the most influential investors
on the planet.
Meanwhile, in Buenos Aires, the Ministry of Economy is awaiting the disbursement of $1 billion from the International Monetary Fund to continue strengthening reserves and guarantee the stability that populism could never offer.
