Milei to push for changes to Argentina's Central Bank Charter

Argentine President Javier Milei announced Wednesday that his administration is preparing a proposal to modify the Organic Charter of the Central Bank of the Argentine Republic (BCRA). The move comes as the country seeks to reform its financial institutions, a step that has been advocated by the International Monetary Fund (IMF).

According to the Argentine government, Milei discussed the proposed changes with lawmakers from his ruling party, La Libertad Avanza. The specific aspects of the proposed modifications to the Charter, which outlines the Central Bank's fundamental principles, purpose, functions, and powers, were not detailed.

In May, the IMF highlighted the necessity of reforms to the BCRA's Organic Charter in its statement following the second review of an extended fund facility agreement signed in April 2025. The IMF stated that "broader legal reforms of the BCRA's Organic Charter will be crucial in the medium term to strengthen the Central Bank's independence, governance, and accountability, including reinforcing safeguards against monetary financing."

Milei's administration has been focused on economic stabilization and deregulation since taking office. Changes to the Central Bank's charter are seen as a key component of his broader economic agenda, aimed at fostering greater financial stability and investor confidence in Argentina.