Argentina has elected a new president, Alberto Fernandez, to replace the incumbent, Mauricio Macri. The election comes as the country is mired in an deep economic crisis, with soaring inflation, currency depreciation, and high poverty. Fernandez is a center-left member of Argentina’s Peronist movement, and his running mate was the former president Cristina Fernández de Kirchner.
Fernandez ran a campaign focused on providing aid and relief to Argentina’s most vulnerable during the economic crisis. He has promised to renegotiate Argentina’s debt, revive the country’s pension system, and stimulate the economy by increasing purchasing power.
The election result also signals a broader political shift in Argentina, away from the pro-business policies of Macri and towards the more populist policies of Fernandez and Fernandez de Kirchner. Fernandez has emphasized cracking down on corporate monopolies and encouraging investment in Argentina’s energy and infrastructure sectors.
Although Argentina is facing huge economic challenges, Fernandez is confident that his team can turn around the country’s economy. He points to his successes during his time as cabinet chief in the Kirchner administration, when he helped stabilize the economy and bring Argentina out of recession.
Macri has accepted the election result and said he will work with the incoming president to achieve a peaceful transition of power. Fernandez is set to assume office in December 2019, after the current president’s term ends.
It remains to be seen if Fernandez will be successful in turning around Argentina’s economic challenges. In the meantime, both he and Macri have promised to continue to work together to ensure the best outcome for the country and its citizens.