Argentine Chief Cabinet Secretary Nicolas Posse gestures as he walks outside the Buenos Aires Cathedral on May 25, 2024. | Photo credit: Reuters
In the first cabinet change of his five-month-old government, Argentine President Javier Milei accepted the resignation of Chief Cabinet Secretary Nicolas Posse on Monday evening, amid tensions over major economic reforms implemented by the government.
According to a government statement, Mr Posse will be replaced by current Interior Minister Guillermo Francos.
The cabinet change comes at a particularly delicate time for Mr. Milei, a far-right libertarian economist, as his signature reform bill faces new obstacles in Congress and a market recovery for government bonds and the local currency appears to be stalling.
The next government role for the outgoing chief cabinet secretary will be announced in the coming days, the statement said.
Mr Posse was a key part of the team involved in debt talks with the International Monetary Fund (IMF), along with Economy Secretary Luis Caputo.
The economic reforms pushed by Mr. Milei include plans to privatize state-owned enterprises, along with other austerity measures aimed at reversing a protracted economic crisis marked by inflation approaching 300%.
