A firm message at the heart of IAEF
The President Javier Milei was the keynote speaker at the 47th Annual Convention of the IAEF (Argentine Institute of Finance Executives), held in Puerto Iguazú, Misiones. Before an audience of business leaders and financial sector executives, the president pushed back against voices calling for a relaxation of monetary policy and was blunt: "From a macroeconomic standpoint, loosening monetary policy makes no sense, because for almost twelve months we have" maintained a firm exchange-rate and fiscal anchor.
The event, which each year brings together the main figures from the country's economic and political spheres, was the stage Milei chose to reaffirm his commitment to stability and fiscal discipline—two pillars of his administration that, he said, are not up for debate.
What is the IAEF and why does it matter?
The IAEF is one of the most influential organizations in Argentina's economic debate. Founded in 1978, it brings together finance executives, accountants, and company directors, and its annual convention serves as a barometer of private-sector expectations. The choice of Puerto Iguazú as the venue is no accident: this city in Misiones, famous for its Iguazú Falls, has become a hub for high-level meetings in recent years.
The context: why is there talk of easing?
In recent months, some analysts and productive sectors have called for a looser monetary policy to boost consumption and investment. However, the President insisted that this recipe has already failed in Argentina and that the right path is the opposite: fiscal order, zero money issuance, and trust.
"Those who ask for easing don't understand that it led us to hyperinflation," Milei said, referring to historical episodes such as the 1989 crisis or the 1975 Rodrigazo. For the president, price stability is the foundation on which sustained growth will be built.
Reactions and expectations
The speech was received with close attention by those present, who followed every word of the President. Although there were no concrete announcements of new measures, the message was clear: the government does not plan to change the economic course.
The IAEF convention will continue throughout the day with panels on investment, energy, and foreign trade, and the economic team is expected to provide further details in the coming hours.
Source: Statements by President Javier Milei at the 47th Annual IAEF Convention, Puerto Iguazú, Misiones.