Argentina's Midterm Elections: Implications for Economic Reforms
Argentina’s midterm elections, on October 22, will decide half the seats in the Chamber of Deputies and a third of the seats in the Senate. Although he is not on the ballot, the elections are considered a referendum on President Mauricio Macri, who has been advancing dramatic economic reforms since taking office in December 2015.
Despite Argentina’s slow economic recovery, Mr. Macri’s coalition, Cambiemos, performed well in Argentina’s August 13 primaries. A strong showing in the midterms would turbocharge the reform program, and increase Mr. Macri’s chances for reelection in 2019. The midterms will also determine the political future of former President Cristina Fernández de Kirchner, who is competing for a Senate seat. Investors are watching closly. "Billions of dollars in potential investment and the future of Latin America's No. 3 economy hang in the balance," Reuters reported.
Photo Credit: Hernán Piñera
Noah B. Mamet
The Argentina Project is the premier institution for policy-relevant research on politics and economics in Argentina. Read more
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