Politics: Argentina

Key Facts

—Land cap deal. Facing a stalled Senate vote, Milei’s government agreed to raise the foreign rural land ownership cap from 15% to 25% per province, abandoning its original plan to scrap all limits.

—Still a bill, not a law. The measure is part of the “Private Property Inviolability Act” and needs a Senate vote set for August 6, then approval in the Chamber of Deputies, before it takes effect.

—Villarruel break. Milei and Vice President Victoria Villarruel are not on speaking terms; his Cabinet chief publicly demanded her resignation on July 31 after she questioned the president’s conduct.