Milei at Corporación América: 'Argentina can grow between 7% and 10% annually'

Milei at Corporación América: 'Argentina can grow between 7% and 10% annually'
Javier Milei at Corporación América
porEditorial Team
Argentina

He stated that the country has unprecedented conditions to attract foreign investment

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At an event organized by Corporación América, Javier Milei once again set the political and economic tone that will define the second stage of his administration. Two years after the historic runoff that made him the world's first liberal libertarian president, he reaffirmed the path taken and outlined the roadmap he will seek to deepen in the coming months.

He recalled that in December 2023 he received "a country on the edge of the abyss," and that the initial goal was to stabilize the macroeconomy to avoid a major collapse. "We dedicated the first two years to solving macroeconomic problems and taking the country out of intensive care," he stated. That diagnosis, harsh but realistic, served as a prelude to announcing that the administration will now enter the phase of sustained growth.

Javier Milei en Corporación América.
Javier Milei en Corporación América.

Milei emphasized that the October 26 elections were a turning point. He argued that the legislative victory represented "a reaffirmation of the mandate" and the decision of two-thirds of Argentines not to return to the past. With irony and precision, he pointed out: "The result was 41 to 24, and 41 to 21 is called a first round", referring to the great outlook he has for the 2027 elections. He explained that this support translates into "the same popularity as at the beginning of the administration, but with triple the legislative power," which enables the possibility of undoing 100 years of economic populism.

The President insisted that the key to progress will be maintaining fiscal discipline. Unlike traditional politics, he highlighted that his administration did not give in to the temptation of electoral spending. "For the first time, the Argentine people decided to support discipline, they didn't fall for the bribe of politics," he said. He reiterated a simple principle: "There's no need to invent anything, we just have to do what the textbooks say."

In that vein, Milei asserted that Argentina is in a position to grow between 7 and 10% annually (7 and 10%) if the current course is maintained. He also announced that he will seek to approve the 2026 Budget and move forward with tax and labor reforms, two pillars to make the country competitive again. He mentioned that approximately 10,000 regulations have been eliminated, although much remains to be done: "to give you an idea, there are still 600,000 decrees left. The good thing is that I can eliminate the decrees myself."

Javier Milei en Corporación América.
Javier Milei en Corporación América.

The president also stressed the need to attract foreign investment and confirmed that, for the first time in decades, there are concrete incentives for global capital to look toward Argentina. "We all benefit from a more productive country," he stated, and he assured that the country is on track to become "the freest in the world and a global beacon".

Finally, he reaffirmed the cultural battle as an essential condition to prevent setbacks. "The germ of socialism is always there," he warned. According to Milei, Argentina is currently experiencing "a virtuous cycle where growth and the cultural battle reinforce each other"; however, he assured that there is no room for complacency: "We can't and won't give up."


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