Milei’s FX Reforms Spur Worst Corporate Default Wave Since 2020

Javier Milei’s reforms have brought stability to Argentina’s chaotic foreign exchange market and praise from investors. But the overhaul is also fueling the worst streak of corporate defaults since the pandemic.

​Javier Milei’s reforms have brought stability to Argentina’s chaotic foreign exchange market and praise from investors. But the overhaul is also fueling the worst streak of corporate defaults since the pandemic.