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Congressional Briefing: What’s Next for Argentina?

Congressional Briefing: What’s Next for Argentina?

The economic crisis in Argentina continues to intensify, with high inflation, rising poverty, and decreasing investor confidence. The implementation of a record $57 billion IMF bailout program, rather than alleviating Argentina’s economic woes, has seen poverty and unemployment rise, and a surge in debt levels. 

Argentine political sentiment was tested in August when voters went to the primary polls and delivered a decisive defeat to President Mauricio Macri and his ruling coalition. With a nearly 16-point lead, Alberto Fernández and his running mate, former president Cristina Fernández de Kirchner, are in a strong position to win the general presidential election on October 27. Their broad-based, progressive coalition is also poised to capture the legislature and key governorships, significantly reshaping Argentina’s political terrain.

In light of these developments, and Argentina’s uncertain future, on Tuesday, September 24, three economists, who have been closely following political and economic developments in Argentina, presented their analysis to congressional staffers and civil society representatives at the Longworth House Office Building in Washington, DC. 

By CEPR

Who is to Blame for Argentina’s Economic Crisis?

Who is to Blame for Argentina’s Economic Crisis?

Millions of Argentines remember the last depression and the role the IMF played. Many also remember the rapid improvement in people’s lives over the ensuing decade. That collective memory and consciousness may now determine the outcome of this recurring d

By Mark Weisbrot

Is Latin America Still the US’s “Backyard”?

Is Latin America Still the US’s “Backyard”?

At a time when most of the region’s governments are beholden to Washington, the remarkable political transformation underway just south of the US border provides a beacon of hope for the peoples of Latin America and their quest for true independence. 

By Alexander Main

Study: Argentina’s Boom Was Little Influenced by Commodity Prices

Study: Argentina’s Boom Was Little Influenced by Commodity Prices

In 1991, Argentina fixed its peso to the US dollar, but the increasing value of the dollar led to a deep recession beginning in mid-1998, and default on dollar-denominated debt in December 2001. The currency board devalued the peso by 29 percent in Januar

By David Rosnick

Political Judiciary in Argentina

Political Judiciary in Argentina

The New York Times reported last week that Argentina’s former President Cristina Fernández de Kirchner was indicted “on charges of manipulating the nation’s Central Bank during the final months of her administration.” Reading the article, however, as well

By Mark Weisbrot