President-elect Javier Milei said Monday that it could take between 18 and 24 months to bring Argentina’s rampant inflation under control, as he outlined his plans to reform the economy.
Milei won a resounding victory in Sunday’s presidential election, trouncing Economy Minister Sergio Massa by 12 points with a pledge to end decades of unbridled state spending and “end the decline of Argentina.”
“First, we will start with the reform of the state, to very quickly put public accounts in order,” the libertarian economist told Radio Mitre.
In a series of morning radio interviews to lay out his vision, he said he had a “clear plan” to tackle annual inflation that has hit 140 percent and a poverty rate of 40 percent.
During the campaign, Milei vowed to ditch the ailing peso for the US dollar and get rid of the central bank, which he accuses of fueling inflation by printing money to finance government overspending.
“The empirical evidence for the Argentine case says that if you cut monetary emission today, it takes between 18 and 24 months to destroy (inflation),” he said.
On his plans to reform the government, Milei said “everything that can be in the hands of…
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