INSUBCONTINENT EXCLUSIVE:
de MayoSignatories: Eighteen provincial governors ceremonially signed the pact
This underscored a broad coalition across political lines
Context: Argentina faces one of its worst economic crises, with inflation nearing 300% and half of the population living in poverty
The economy has entered a recession with increasing political tensions, and the Argentine peso has reached a record low of 1,450 to the
dollar in the informal market.Strategic Economic Reforms: The Pacto de Mayo introduces ten key reforms
These include safeguarding private property
It mandates fiscal balance and drastically reduces public spending
Additionally, it proposes comprehensive tax and labor reforms
highlighting its importance to national identity.Reactions to the pact have been mixed
represents a critical juncture for Argentina
