Milei 2.0: Who Is Winning in Argentina’s New Economy
A La Nacion report describes a Milei economic elite forming around energy, agriculture and mining. Here is who is gaining - and who is left behind. The post Milei 2.0: Who Is Winning in Argentina’s New Economy appeared first on The Rio Times .
Argentina's economic landscape is rapidly evolving, with a business class aligned with President Javier Milei's deregulation policies emerging as the winners, according to a recent report by La Nación. The article highlights three key sectors where capital is flowing and influence is growing: energy, agriculture, and mining. In the energy sector, state-owned company YPF is divesting mature conventional oilfields to invest in the Vaca Muerta shale formation, a strategy that has attracted global players such as Rio Tinto and Grupo Mexico.
On the agricultural side, multinational giants like Cargill, Bunge, and Louis Dreyfus, along with Argentina's AGD, are leading the grain trading scene. Mining interests, particularly copper and lithium, are being drawn to the country by the export boom. The article also notes that banking institutions, such as Grupo Galicia, have been among the firms most associated with the deregulation and stabilization efforts.
While the gains are concentrated in these sectors, the article points out that the manufacturing industry is experiencing a decline under the pressure of a strong peso and tight credit. This concentration of economic power raises questions about the sustainability of the reform program and the potential for widening the gap between the winners and the rest of the economy.
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