Javier Milei has confirmed that will close that Central Bank of the Argentine Republic (BCRA) and that this is “not a negotiable issue”.
Argentina’s elected president made an official statement deny Speculation about the possibility of the new liberal-libertarian government finally coming discard The extentone of his most important election promises.
The office emphasized this any information Official information about the decisions approved by the next government, from appointments to reforms, will only be disseminated through them official channels.
They also discredited the various speculations about possible Events that was circulating recently. During his election campaign, Milei insisted on the need to close the central bank to address the deep economic crisis affecting Argentina. A parallel initiative to Dollarization the economy.
The control of the inflationwhich achieved 142.7% year-on-year in October and the economic recession, with forecasts of a recoil of 2.5% In 2023, according to the IMF, these are the challenges facing the next government.
In addition, the Office of the President-elect confirmed the appointment of Horacio Marin as president of YPF, the state oil company. Marín, who heads Tecpetrol, will be in charge of the plan privatization of YPF, currently 51% under state control. She is considered an authority on questions related to the technical use of hydrocarbons.
In his current position, Marín leads the production of Shale gas In Fortín de Piedra, its activity accounts for 16% of the total gas supply in Argentina. After his election victory, Milei reaffirmed his commitment Transfer of assets from the public sector to privatewhat the private management of companies such as YPF or Aerolíneas Argentinas proposes after he takes office as president 10th of December.
There have been recent changes in Milei’s team that have seen him move away from some advisers who supported his more radical proposals. They have been replaced by Veterans from Wall Street linked to former President Mauricio Macri. There is speculation that Milei’s most controversial ideas, such as dollarization and closing the central bank, could be on hold due to this restructuring.