His free-market reforms cut inflation from 211 percent in 2023 to about 30 percent, reduced poverty by 21 points, stabilised the budget and loosened currency and capital controls, after years of economic stagnation.

Credits: Unsplash; Author: Dione Film;

The Economist also cited Argentina’s reforms as unusually durable, noting many past efforts collapsed under public pressure. President Javier Milei maintained voter backing through 2025 while pushing spending cuts, subsidy removals and currency reform.