María Ibarzabal Murphy highlighted in IDEA the legal certainty as a key element of the reforms to boost investment

The Legal and Technical Secretary of the Presidency, María Ibarzabal Murphy, participated in a meeting organized by IDEA, where she emphasized the importance of legal certainty, regulatory stability, and the reforms promoted by the Government of Javier Milei to encourage private investment in Argentina.

During her presentation, moderated by Bernardo Cassagne, the official explained that the transformations implemented by the Executive aim to "build a more predictable, more stable, and more investment-friendly Argentina".

"Investments are made when there are clear rules, predictable institutions, and trust that the commitments made will be respected over time", she stated. In this regard, she pointed out that one of the main responsibilities of the Legal and Technical Secretariat is to transform the political decisions of the Government into stable, clear, and executable norms.

Milei's reforms to guarantee legal certainty

Ibarzabal Murphy recalled that President Javier Milei has emphasized from the beginning of his administration the need to eliminate the interventionist structures accumulated over decades, which hinder the development of the private sector.

Under the premise that "where there is no certainty, there is no investment", she questioned the overlapping regulations, the excess of administrative procedures, and the state intervention inherited from decades of interventionism, considering that they generate uncertainty and hinder the emergence of new economic actors.

In this context, she highlighted the role of the Bases Law and Decree of Necessity and Urgency 70/2023, two central instruments of the transformation program promoted by the Executive.

The official recalled that the Bases Law authorized privatization processes, modernized the Administrative Procedures Law, established the Incentive Regime for Large Investments (RIGI), and delegated legislative powers for one year.

The RIGI and long-term investments

Another key focus of the presentation was the RIGI, designed to provide predictability to projects that require significant capital outlays and long recovery periods. As Ibarzabal Murphy explained, the regime offers "the rules we want for everyone tomorrow: stability for 30 years, a competitive tax and exchange scheme, and protection against arbitrary changes".

The secretary reported that the RIGI has 27 projects approved for over USD 75 billion, while another 21 initiatives are under evaluation and represent potential investments exceeding USD 130 billion.

Finally, the official addressed the YPF case and its implications for Argentina's international reputation, highlighting the need to respect legal procedures and build sustainable solutions. "The only political instruction I receive is to do things right", she assured.

"My job is, ultimately, to ensure that the rules we offer today are the same rules that exist tomorrow", she concluded.