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Milei Confronts Economic Strain and Coalition Fractures as He Closes Council of the Americas

Visible splits over slow microeconomic relief, rising credit delinquency, provincial bargaining plus a linked Bolivian criminal case could weaken the government's reform push

Overview

  • President Javier Milei is scheduled to close the Council of the Americas on Thursday, addressing business leaders and diplomats while visible tensions inside his coalition mark the event.
  • The macro picture shows clear stress: interest rates have jumped, credit delinquency hit record levels and the government is cutting liquidity to defend a dollar anchor at roughly $1,500, squeezing households and small firms.
  • Patricia Bullrich publicly criticized the pace and impact of the government’s economic plan, then edited her message after it provoked friction inside La Libertad Avanza, signaling widening intra-coalition dissent.
  • Governors from the northern provinces are coordinating a ‘law-by-law’ bargaining tactic in the Chamber of Deputies to extract concrete concessions rather than rely on discretionary transfers.
  • Bolivia’s Fiscalía de Santa Cruz formally charged former Milei adviser Fernando Cerimedo with the attempted femicide of Nadia Beller and will seek pretrial detention, creating a cross-border legal and reputational complication for the administration.