President Javier Milei assured that 2028 will be the best economic year in Argentine history if his Government is reelected in 2027, during a speech before investors, entrepreneurs, and international leaders as part of Argentina Week in Paris.
“Any investor who closely follows Argentina knows that if our Government is reelected in 2027, 2028 will be the best economic year in our history,” the president stated. He explained that investments in energy, mining, and agribusiness that are already underway will accelerate, and new sectors will begin to arrive in the country.
Milei also stated that Argentina seeks to become “the country with the greatest economic freedom in the world” and emphasized that the Government aims to consolidate the country as one of the most open and market-friendly economies in the West.
The President defended fiscal adjustment and balance
During his presentation, Milei reviewed the main results he attributed to his economic program and reiterated his defense of fiscal adjustment as the foundation for stabilization.
The President claimed that his Government inherited a State with a consolidated fiscal deficit of 15 points of GDP and assured that he managed to eliminate it in just six months. He also highlighted the decrease in inflation, the reduction of country risk, and the elimination of currency controls.
According to the data presented by the president, inflation dropped from 211% to around 30%, while country risk fell from 3000 to about 600 points. Additionally, he stated that the economy expanded by nearly 13%, 520,000 jobs were created, and 12 million Argentines were lifted out of poverty.
Milei asserted that these results are a consequence of the change in the economic model and emphasized that macroeconomic order and economic freedom are the central tools to harness Argentina's productive potential.
Energy, mining, and agriculture: the keys Milei presented to Europe
One of the main focuses of the speech was Argentina's potential to supply energy and strategic resources to international markets.
Milei particularly highlighted the development of Vaca Muerta and the Argentina LNG project, which YPF is promoting together with the Italian company ENI and XRG from the United Arab Emirates. He explained that the project envisions a production of 12 million tons of liquefied natural gas annually.
The President also emphasized Argentina's reserves of copper, lithium, and uranium, in addition to the potential of the agricultural sector. In this regard, he suggested that Argentina can complement its production with that of European countries and deepen the ties between capital and human resources from both regions.
He also defended the Incentive Regime for Large Investments (RIGI) as a tool to accelerate new projects and rejected criticisms that claim the Government's economic model harms the industry.
