The victory of self-styled ‘anarcho-capitalist’ Javier Milei in Argentina’s November 19 presidential run-off represents the most dramatic shift in Argentina’s political structure since the 1940s.
The election process had produced three right-of-centre candidates, with the second round a direct contest between two implausible contenders: Economy Minister Sergio Massa, the most public face of a deeply unpopular government and the man at the helm of a looming economic crisis; and far-right libertarian Javier Milei, a volatile media personality promising to eliminate the Central Bank and cut diplomatic ties with China, Brazil and even the Vatican.
Following his election win, Milei will take office on December 10, but neither the weeks nor the months ahead look more certain than pre-election. The country faces a divided Congress, a Central Bank empty of reserves, the risk of devaluation and IMF pressures over missed targets.
In our latest White Paper, Argentina’s Elections: Reset of Wreckage?, we consider what happens next in Argentina. We assess immediate-term prospects ahead of December 10, as well as the state of Argentina’s economy and its investment outlook.
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