Argentina's Milei sees 'second chance' for pared back reform bill


  • World
  • Thursday, 11 Apr 2024

FILE PHOTO: Argentina's President Javier Milei speaks during a business event in Buenos Aires, Argentina, March 26, 2024. REUTERS/Agustin Marcarian/File Photo

BUENOS AIRES (Reuters) - Argentina's government has circulated a pared back version of its sprawling omnibus reform bill to lawmakers and governors after Congress rejected it earlier this year, a spokesperson for President Javier Milei said on Wednesday.

The bill, which includes plans to privatize state entities and measures to allow reductions in state subsidies, is a key part of Milei's plan to fix a severe economic crisis in which inflation is over 275% and net foreign reserves near zero.

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