Overview
- The Milei administration presented a six‑point reform of the Banco Central’s charter to its legislators and then told the Mesa Política on Tuesday that it aims to send the bill to Congress in August.
- The proposal would make preserving the value of the peso the Bank’s sole mandate, ban direct or indirect financing of the Treasury, eliminate Letras Intransferibles, tighten governance and removal rules for officials, limit distribution of accounting gains, and create tougher sanctions for misuse.
- Karina Milei’s Mesa Política has packaged the BCRA rewrite with a broader set of measures that include electoral changes, property‑rights rules and fiscal tweaks, and Chief of Cabinet Diego Santilli is individually courting governors to win votes for reforms that could suspend or eliminate PASO primaries.
- The government is also studying a measure to guarantee INDEC’s statistical independence and may fold that protection into the BCRA bill to prevent manipulation of data that could affect monetary or utility rules.
- In Mexico, the electoral authority has recorded hundreds of complaints and issued dozens of precautionary measures over unregulated early internal party drives called “pre‑pre‑precampañas,” following a 2023 TEPJF order that tasked the INE with issuing oversight guidelines.