On July 9, 2024, Argentine President Javier Milei signed the ‘Pacto de Mayo’ with 18 governors at the Casa Histórica in Tucumán, coinciding with Argentina’s Independence Day celebrations. The pact, initially announced four months ago, outlines 10 key points aimed at economic reform and stability, including the inviolability of private property, fiscal balance, labor reform, and education reform.President Milei emphasized the significance of the pact, describing it as ‘a symbol of a change of era’ for Argentina. He stated, ‘After decades of alternating between opposing projects that have made the country poorer, we are now renewing our patriotic vows and signing the ‘Pacto de Mayo”. Milei also announced the creation of a ‘Council of May’ to implement the pact’s points through legislative proposals.The signing ceremony was marked by notable absences, with five governors from the Justicialist Party (PJ) refusing to attend, including Axel Kicillof, Sergio Ziliotto, Gustavo Melella, Ricardo Quintela, and Gildo Insfrán. Milei criticized those who rejected the pact, accusing them of being ‘ideologically blind, afraid, or obstinate in maintaining their privileges’.The pact aims to address Argentina’s economic challenges, with goals including reducing public spending to below 25% of GDP. However, it has faced criticism from some quarters, with concerns raised about its impact on local economies and fiscal autonomy.Despite the controversies, the signing of the ‘Pacto de Mayo’ represents a significant milestone in Milei’s presidency, potentially setting a new course for Argentina’s economic and political future. The choice of Tucumán for the signing was symbolic, tying the pact to Argentina’s historical struggle for independence and national pride.
Key points
- President Javier Milei signed the ‘Pacto de Mayo’ with 18 governors on Argentina’s Independence Day.
- The pact outlines 10 key points for economic reform and stability, including fiscal balance and labor reform.
- A new ‘Council of May’ will be created to implement the pact’s points through legislative proposals.
- The signing faced opposition, with five governors from the Justicialist Party refusing to attend.
Contradictions👾There are conflicting reports on the number of governors who signed the pact, with some sources stating 18 and others mentioning 14.
👾The exact nature of the pact’s implementation is not entirely clear, with some sources mentioning a ‘Council of May’ while others do not specify the implementation mechanism.
