Argentina: The challenge and the opportunity

Once one of the world's 10 wealthiest nations, Argentina has never fully recovered from its post-World War I decline. Now, as Washington renews its focus on Latin America, libertarian president Javier Milei is betting on close ties with the Trump administration to secure lasting economic stability in Argentina, but sustained US support is not assured. Milei should revamp Argentina's exchange rate regime and monetary policy to build on his successes and strengthen his chances in the 2027 election.