Javier Milei suffers defeat on pension spending in Argentina’s senate

On August 23, our Managing Director Juan Cruz Díaz shared his analysis on the Congress approval of a new formula for calculating pensions.

In the article, Díaz commented that the government would probably try to negotiate with legislators to stop them from overriding any veto and argued that “as we get closer to midterm elections [in late 2025], these tensions [may] accelerate, and we may see more situations like this.”

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