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Court Rules Milei’s Labour Reform Unconstitutional

ARGENTINA
  • President Milei’s reform programme suffered a setback yesterday, after an Argentine court ruled that his labour reform was unconstitutional. The court, which had already suspended the reform earlier this month, said that the government could not use an executive order to implement the reform, as it had tried. Instead, the judges ruled that the reform should have been proposed via Congress. The government now has the option of appealing to the Supreme Court or else it can make an attempt to have it approved by Congress.
  • The rest of Milei’s omnibus bill remains in effect, however, and will be debated by the lower house from today. "There should now be no obstacle for the law to be approved," presidential spokesman Manuel Adorni said in a daily press conference on Tuesday. "As we understand it is going to get approved, with the first half of that this week."
  • Separately, the IMF board is also scheduled to meet today to approve a staff-level agreement on the programme’s seventh review. If approved, this will unlock around $4.7 billion in loans.
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