A new report from Citi has made waves on Wall Street, arguing that the president javier milei does this Monday will carry more weight for the country’s economic future than the election results of this sunday results. According to the bank, investors have already priced in most political scenarios — now, what truly matters is execution and credibility, this is an important thing for the future of Argentina

Citi’s analysts emphasize that Argentina’s biggest challenge isn’t fiscal anymore, but psychological: a lack of confidence. They note that Milei’s government has achieved significant progress in balancing the budget and curbing inflation expectations, yet the next phase requires tangible proof that these policies are sustainable and supported by strong institutions.

The report identifies three crucial conditions. First, maintaining fiscal and monetary discipline according to IMF agreement,  to keep inflation under control and consolidate recent gains. Second, ensuring that Argentina continues to rebuild its foreign-exchange reserves to prevent volatility in the peso. And third, building political alliances capable of translating reforms into long-term stability — something Citi believes will define investor confidence over the coming months.

Analysts warn that without visible progress in these areas, Argentina risks losing the momentum it built through Milei’s early months in office. However, if Milei demonstrates decisive leadership after the vote — reaffirming his reform agenda and cooperation with international partners — the bank predicts that Argentina could become one of Latin America’s most compelling comeback stories.

For Wall Street, the message is clear, this is an important thing to know: the election may dominate headlines, but Monday’s actions will determine whether Argentina’s recovery takes flight or stalls.