Argentina: President Macri’s reelection will hinge on economic rebound
Argentina’s President Mauricio Macri is in a tight spot at the start of the election year. His government presides over cuts to public spending, including politically sensitive social protection programs, under the conditions of a lifeline deal with the IMF. Mr. Macri’s hopes for inducing growth by restoring Argentina to the good graces of the financial markets and attracting significant foreign investment are yet to materialize. But not all is lost for the pro-market reformer in Buenos Aires.
Argentina’s president looks for easy midterm wins
Argentina’s President Mauricio Macri is coming to terms with reality after promising a “transformational” government when he took power in early 2016. No shower of foreign investment or gas revenue has materialized, leaving him with a scaled-back philosophy of “gradualism” and fiscal austerity. Given this dour choice, Mr. Macri has focused on splitting his Peronist and Kirchnerista opponents before next month’s parliamentary elections – with a certain measure of success.
Argentina’s Macri in the crosshairs
Argentina’s Mauricio Macri spent his first 16 months as president playing whack-a-mole with a host of problems – including a faltering economy, an incompetent and often corrupt bureaucracy, and rising public anger at utility price hikes. Now, with parliamentary elections looming, he needs to come up with a strategy to avoid becoming a lame duck for the rest of his term.
Argentina’s new government makes an ambitious start
President Mauricio Macri of Argentina, who was elected last October, has quickly set out to show how much his administration differs from that of his predecessor, Cristina Fernandez de Kirchner. Much of the attention has focused on its determination to end the country’s complex set of price controls, subsidies and exchange rate restrictions. But his most significan...
Argentina weighs up energy price adjustment
Argentine President Mauricio Macri must cope with an energy sector in dire straits. Policy over the past decade has been inconsistent and often counterproductive. Subsidies weigh heavily on public finances. However, reforming the hydrocarbon extraction and refining industries should prove far easier politically than solving the country’s challenges in electricity p...
Argentina’s new president will find it hard to make a fresh start
Let’s Change – Cambiemos – led by former Buenos Aires Mayor Mauricio Macri, won Argentina’s presidential run-off by less than 3 per cent of the popular vote. Headlines in Europe, the United States and Latin America heralded the opposition coalition’s victory as marking a reversal of the ‘pink tide’ – the swing to the left that has dominated South American politics ...
Special report on trade talks between Mercosur and the European Union
The July summit of South America’s six-nation Mercosur group brought no progress in negotiations on a trade agreement with the European Union. While stagnant economies on both sides of the Atlantic could benefit from a pact, Brazil and Argentina, which have pursued highly protectionist regimes, must first reconcile their differences. A new government in Argentina m...
No end in sight for Argentina’s economic stagnation
As Argentina’s President, Cristina Kirchner, comes to the end of her term, she has shown no signs of leadership in attempting to deal with the economic mess her country is in. She does not appear to be interested in supporting any of the serious potential candidates in her own party who would like to succeed her and has called on her followers to find a progressive...