Milei signs economic reform pact, Argentina at 'inflection point'

Argentine President Javier Milei signed a long-delayed pact with provincial governors early on Tuesday, in a push to broaden support for economic reforms and strengthen his nearly seven-month-old minority government.

The pact includes a commitment to private property and "non-negotiable fiscal balance," a reduction of public spending, improvements to the public education system, a tax reform that "reduces the tax burden," a labor reform that "promotes formal employment," and the opening of international trade, among other measures.