7 days ago
Milei's FX Reforms Spur Worst Corporate Default Wave Since 2020
Javier Milei's reforms have brought stability to Argentina's chaotic foreign exchange market and praise from investors. But the overhaul is also fueling the worst streak of corporate defaults since the pandemic.
Local borrowing costs are soaring, especially for peso-reliant companies, with many of them struggling with tight cash flows and high levels of debt after President Milei removed most exchange controls for individuals.
