On October 11, at 10:00, the Valdai Discussion Club will host an expert discussion on the political and economic situation in Argentina on the eve of a general election.
After the primaries ahead of the presidential elections to be held in Argentina on October 27, the country was on the verge of another debt default. The current president, Mauricio Macri, lost in the primaries to his main rival – Alberto Fernandez, and the peso collapsed in record time.
This is one of the reasons for Macri's low rating on the eve of the election. Fernandez partners with with former Argentine president Christina Fernandez de Kirchner.
Since the middle of the last decade, the Argentinean economy has experienced several crises, but failed to resolve its difficult economic situation. Buenos Aires regularly receives assistance from the IMF. In the first half of 2019, inflation amounted to more than 22%. There are fears that a severe economic crisis, starting in Argentina, could affect many other countries throughout the world.
What can Macri do now to correct the situation and increase his number of supporters? What is the reason for his current failure and the growing popularity of opponents? How likely is his victory? Is it possible for Argentina to overcome the current negative trends in its economy and reduce the potential for crisis? Participants in the expert discussion will answer these and many other questions.
Andrés Serbin, Executive President of CRIES; Co-Chair of the Asia and the Americas section of the Latin American Studies Association (LASA)
Yaroslav Lissovolik, Programme Director of the Valdai Discussion Club.