In the early 20th century Argentina was one of the world’s richest countries. For most of the past 50 years, it has been an economic disaster. But after nine debt defaults, 23 IMF programmes and two years of triple-digit annual inflation, the country’s radical libertarian president, Javier Milei, has steadied the ship. How has Milei revitalised the economy? Can he persuade investors to trust Argentina again? And, most crucially, can his transformation last? The FT’s Latin America editor, Michael Stott, discusses with Alejandro Werner, former head of the IMF’s western hemisphere department, founding director of the Georgetown Americas Institute, and fellow of the Peterson Institute for International Economics Clips: Sky Australia, Javier Milei via Storyful/ELPELUCAMILEI, Global News, Poder360 Want more? Free links: Javier Milei’s risky bet on a potent peso Tory leader Kemi Badenoch says she is Britain’s Javier Milei Javier Milei lowers Argentina’s monthly inflation below 2% for first time since 2020 Michael Stott is the FT’s Latin America editor. You can find his articles here: https://www.ft.com/michael-stott Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen. Presented by Michael Stott. Produced by Mischa Frankl-Duval. Flo Phillips is the executive producer. Manuela Saragosa is the FT’s acting co-head of audio. Original music and sound design by Breen Turner. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
