Steps In The Right Direction – Ley De Bases

The Congress of Argentina has successfully been able to pass a significant set of reforms championed by the President, Javier Milei, which have focused heavily on improving the country's receptiveness and openness to foreign investment and shifting the domestic climate toward a more pro-business standing. Amongst other items, it concerns itself with the restructuring of the public sector and directing the liberalisation of businesses which have been accustomed over history to excessive state intervention.¹ The Bill itself – known authentically as the Ley de Bases, or 'Framework Law' – passed on 28 June 2024, with a 147 to 107 final tally, demonstrating a legislative willingness to support such initiatives.²