Weekly Report - 18 January 2024 (WR-24-02)

Milei visits Davos as grim data released

Argentina’s President Javier Milei travelled to Davos, Switzerland, for the annual meeting of the World Economic Forum (WEF) this week. Fresh from securing the release of US$4.7bn from the International Monetary Fund (IMF) last week to meet impending debt payments and praised for his government’s economic policy initiatives [WR-24-01], Milei held talks with the managing director of the IMF, Kristalina Georgieva, and her number two, Gita Gopinath. Shortly before leaving Argentina, the national statistics institute (Indec) laid bare the scale of the task ahead for the Milei administration, publishing figures showing that Venezuela is no longer the country with the highest rate of inflation in the region.

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