Weekly Report - 22 February 2024 (WR-24-07)

ARGENTINA: Milei spins setbacks as positives

The far-right government led by President Javier Milei sought to put a positive spin on two developments this week that looked like significant setbacks. Firstly, figures were released showing that poverty had soared to nearly 60%. Although the main cause of the leap in poverty was the Milei administration’s devaluation of the peso soon after he took office last December, he seized upon the figures to claim that this was “the true inheritance” he had been handed by the political elite. Secondly, David Cameron visited the Falkland Islands (Malvinas), becoming the first UK foreign secretary to do so since Douglas Hurd in 1994, declaring them a “valued part of the British family”. Only weeks beforehand Milei said he had held “an excellent meeting” with Cameron. His government said it trusted Cameron had conveyed to the Falkland Islanders a “positive vision” of Argentina under Milei.

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