Javier Milei’s Historic Presidency and Revolutionizing Cabinet: Everything You Need to Know

2023-12-04 09:40:17

Javier Milei will assume the Presidency of Argentina next Sunday, December 10. The libertarian who defeated Peronism in the second round on November 19 already has his first reduced Cabinet almost ready, because as he promised during the campaign, he is eliminating several ministries.

Within a week, Argentina will officially have eight ministries out of a total of 18 currently. The ministries of Economy, Foreign Affairs, Security, Interior, Defense and Justice will remain. While the new ministries will be Infrastructure (which will unify Transportation, Public Works, Mining, Energy and Communications) and Human Capital (which will unify Social Development, Health, Labor and Education). Seven of these portfolios already have a designated minister.

LOOK: Why Milei won the elections in Argentina with a historic advantage of 11 points over Massa

Milei has not yet confirmed who will be his Defense Minister.

As for the Ministry of Culture, this will become a secretariat. It remains to be defined whether it will depend on the Chief of Staff or the General Secretariat of the Presidency.

For its part, the Cabinet leadership will be headed by Nicolás Posse, an engineer from the Buenos Aires Technological Institute (ITBA) who formed the technical teams of the libertarian campaign, Página 12 reported.

Another of Argentina’s big problems is poverty, which stands at 40.1% of the population.

Below are the profiles of the ministers confirmed by Milei:

Luis Caputo offers a press conference at the Casa Rosada presidential palace in Buenos Aires, on December 30, 2016. (Photo by Eitan ABRAMOVICH / AFP).

1.- Luis Caputo, Minister of Economy

Luis Caputo, 58, accompanied Milei to the United States, on his first trip abroad as president-elect.

He has a degree in Economics from the University of Buenos Aires (UBA).

Caputo, nicknamed ‘Toto’, was Secretary of Finance of then-President Mauricio Macri between 2015 and 2017. He then served as minister of that area until 2018, when he became president of the Central Bank.

In the Ministry of Finance, he was the driving force behind the unprecedented issuance of a 100-year bond, celebrated as an achievement by the Macri government. In his private career he worked in the finance area of ​​the investment bank JP Morgan in New York and at the German Deutsche Bank.

Former candidate Patricia Bulrich speaks at a press conference to explain the reasons why she supports Javier Milei, on October 25, 2023. (EFE/ Enrique García Medina).

2.- Patricia Bullrich, Minister of Security

Patricia Bullrich, 67, competed with Milei in the first round and, following finishing third, publicly supported him for the runoff once morest the Peronist Sergio Massa.

She leads the Together for Change coalition alongside Mauricio Macri and other right-wing politicians, some of whom do not agree with the alliance with Milei.

During the Macri Government, Bullrich was Minister of Security. Before, during the administration of Fernando de la Rúa (1999-2001), she was Minister of Labor.

Bullrich was active in the Peronist Youth in the turbulent 1970s, at the height of the Montoneros guerrilla activity, and during the dictatorship (1976-83) he lived for a few years in exile.

Mariano Cúneo Libarona.

3.- Mariano Cúneo Libarona, Minister of Justice

Mariano Cúneo Libarona is a 62-year-old lawyer who graduated from the University of the Argentine Social Museum.

He worked at the holding company Corporación América, like the president-elect.

He is part of Estudio Cúneo Libarona along with his brothers Rafael, Matías and Cristián. On the website of that company it appears that he began practicing as a lawyer in 1989.

He is a specialist in criminal law and a postgraduate professor at the University of Palermo. He is also dean of the Faculty of Legal and Social Sciences of the University of the Argentine Social Museum.

In the 1990s he defended Guillermo Coppola, Diego Maradona’s former manager who was accused of illegitimate possession of narcotics.

Diana Mondino.

4.- Diana Mondino, Minister of Foreign Affairs

Diana Mondino, 65, is an economist who graduated from the National University of Córdoba, has a master’s degree in Economics and Business Management at the University of Navarra, and completed finance and management courses at the Columbia Business School and the University of Yale.

For more than 17 years she has been part of the Center for Macroeconomic Studies of Argentina (CEMA), where she is director and professor in the Business Management and Finance master’s degrees.

He headed the list of national deputies for the city of Buenos Aires for La Libertad Avanza and won a seat for the period 2023-2027.

He has announced that Argentina will not enter the BRICS group of emerging economies, which it was invited to join from January 1, 2024.

Guillermo Ferraro (X/@Desdelaplateaa).

5.- Guillermo Ferraro, Minister of Infrastructure

Guillermo Ferraro, 68 years old, studied at the University of Buenos Aires (UBA). He is a business administrator and public accountant. He completed a postgraduate degree in systems engineering and has a doctorate in economic sciences.

He will be in charge of the new Ministry of Infrastructure, which absorbs the portfolios of Transportation, Public Works, Mining, Energy and Communications.

He has been undersecretary of Infrastructure and Telecommunications of the Province of Buenos Aires (1988-1991), president of the State Metropolitan Area Ecological Coordination (Ceamse, from 1997 to 2001) and undersecretary of Industry of the Nation (2002-2003).

For 13 years he directed the Argentine headquarters of the multinational KPGM.

Sandra Pettovello.

6.- Sandra Pettovello, Minister of Human Capital

Sandra Pettovello, 55 years old, has a degree in Journalism from the University of Belgrano and a degree in Family Sciences from the Universidad Austral.

The new Ministry of Human Capital absorbs the portfolios of Education, Health, Labor and Social Development.

He is a member of the Union of the Democratic Center (UCEDE) and has no experience in the public sector.

According to the Argentine press, she is one of the most influential women within Javier Milei’s team. In addition, she is a regular source of consultation for the president-elect on issues related to health, childhood, and cognitive development in childhood.

Guillermo Francos.

7.- Guillermo Francos, Minister of the Interior

Guillermo Francos, 73 years old, is a lawyer from the University of Salvador, in Buenos Aires.

He is one of the strong men in Javier Milei’s circle of trust.

He held various public positions since the 1970s, including in the Government of María Estela Martínez de Perón. During the current administration of Alberto Fernández he has been Argentina’s representative before the IDB.

He has said that he will implement Milei’s plan to dismantle the current Co-Participation Law, the system through which the Central Government distributes part of the collection of some national taxes among the provinces. These are transfers that are made automatically and daily.

Javier Milei holds a giant $100 bill with his face during a campaign rally in San Martín, Buenos Aires province, on September 25, 2023. (Photo by Luis ROBAYO/AFP).

Milei’s moderation

“Political leaders change their ideology out of convenience, interests or circumstances, but they do not modify their personality,” said political scientist Rosendo Fraga, noting that Milei “has shown a certain moderation and pragmatism,” evidence of “realism in the face of the challenges of government”.

Now as president-elect, he has said that he plans to achieve these savings largely by regularizing the debt that the Central Bank took out with private banks through “a market solution, without violating rights.”

Javier Milei will govern

Argentina in a parliamentary minority, since La Libertad Avanza has 37 of 257 deputies and 8 of 72 senators.

Milei has insisted that he will carry out a reform of the State, privatizing public companies, eliminating subsidies and paralyzing public works. “There is no money,” she said.

Regarding dollarization, he has specified that it will not happen immediately. “The idea is that we can apply it in one year. It will be much easier when the improvement in fiscal numbers begins to be seen,” he declared.

As for the reduction in tax pressure, it will also have to wait. “It won’t be now. We need the reform of the State and from there make the adjustment and lower taxes,” said Milei.

While the elimination of the Central Bank, one of its strongest promises, remains, but will not be automatic: “We never said it was going to be instantaneous,” Milei said.

The countries with the highest debt to the IMF. (AFP).

Besides…

What will Milei’s takeover be like?

10th of December Javier Miley He will star in a ceremony similar to those held in the United States, as he intends to offer a speech to the public from a platform located outside Congress before moving to the Casa Rosada, where he will take the oath of office to his ministers and greet the foreign delegations. the EFE agency announced.

For now, the king of Spain, Philip VI; the presidents of Uruguay, Luis Lacalle Pou; of Paraguay, James Rock; of Chile, Gabriel Boric; of El Salvador, Nayib Bukele; from Honduras, Xiomara Castro; and the Prime Minister of Hungary, Viktor Orbánhave confirmed their presence.

In addition, guests such as the former Brazilian president are expected Jair Bolsonaro and the Spanish politician Santiago Abascalleader of Vox.

The final event on December 10 will be a special performance at the Teatro Colón in Buenos Aires to entertain the international representatives, without banquets gala, in tune with the austerity promises of mercy.

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