Stay updated with breaking news from Bases Law. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Argentine law enforcement officers Wednesday fired teargas to disperse demonstrators convening in front of Congress to encourage Senators to vote against President Javier Milei's so-called Omnibus Law bill (officially known as Bases Law) with which the Libertarian administration intends to bring the country out of its economic plight. The bill has already been passed by the Lower House.
Argentine President Javier Milei said Wednesday morning that 'they will have to take me out of the [Casa] Rosada dead' if they are 'to break the fiscal deficit.' The Libertarian leader made those remarks during his speech at an event in Buenos Aires ahead of his trip to Italy to attend the G7 Summit. 'We are going to make a bigger reform than the one made by Carlos Menem because ours is three times more (so),' he added.
According to the latest 'World Economic Outlook' report released Tuesday by the World Bank from its headquarters in Washington DC, Argentina's economy is expected to fall sharply this year, thus becoming the Latin American country going through the tightest contraction in the region before rebounding in 2025. The study projected a 3.5% drop this year followed by a 5% surge in 2025, thus outperforming the rest of the continent.
Argentina's new cabinet chief seeks consensus to advance Milei's reforms-
Argentine President Javier Milei confirmed Monday upon his return from Spain that there will be no May Pact as he had planned because the so-called Omnibus Law -officially known as the Bases Law- has not yet been approved by the Senate.