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Weekly Report - 11 July 2024 (WR-24-27)

Milei promises to restore Argentina’s grandeur

Argentina’s President Javier Milei presided over a ceremony on 9 July which he billed as “a turning point” in his quest to revive a “golden era” lost in the mists of time. Milei invited some 700 guests to a ceremony in the north-western province of Tucumán, where independence was declared exactly 208 years earlier, to witness nothing less than the “refounding of the nation”. The 18 provincial governors who attended the ceremony were motivated less by this grandiose vision than by a more prosaic concern: cash. Within the 10-point political declaration of intent they signed, the ‘Pacto de Mayo’, was a commitment to renegotiate the co-participation regime governing the resources allocated to the provinces by the federal government.

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