Argentina's Economic Reforms under President Javier Mallet

President Javier Mallet has implemented significant economic reforms in Argentina, tackling rampant inflation and negative foreign reserves. He devalued the peso, cut spending dramatically, and allowed inflation to impact pensions and public sector salaries. These actions led to economic recession but also monthly government surpluses, a rare occurrence in Argentina. The Country Risk Index, indicating the default probability, has notably decreased since Mallet took office. Despite recent legislative successes, challenges lie ahead for Argentina.