Argentina’s President Javier Milei has been granted Italian citizenship while on a state visit to Italy, a spokesperson for Italy’s Foreign Ministry told CNN.

Italy's citizenship laws are based on jure sanguinis or "right of blood", and allow even distant descendants of an Italian national to get a passport.

While newfound stability under Javier Milei’s leadership has rekindled investor interest in Argentina, pressing challenges remain.

Argentina's libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis. He warned there was "no money", pledged shock therapy for the economy and said things would get worse before they got better.