Public Policy

Cristina Fernández de Kirchner returns to office as VP putting an end to the pro-business economic policies of Macri’s administration

In a dramatic comeback, Cristina Fernández de Kirchner, one of Argentina’s most popular presidents during her two terms in 2007-2015, has been voted back into office as Vicepresident of Alberto Fernández, a moderate Peronist who has pledged to respect the $57bn IMF loan taken out by incumbent Mauricio Macri last year. The victory puts an end to the pro-business economic policies of Macri’s administration, who promised “zero poverty” during his electoral campaign but exits office with a plunging peso, an inflation rate that rocketed to an annual 56% and the number of people living beneath the breadline having risen from 29% to 35%.

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Source: The Guardian

Categories: Public Policy