Milei spent around US$7.4bn protecting dollar pre-election
Sunday's elections will determine whether Milei, whose party is in the minority, will wield more power in Congress in the second half of his term.
by Michael Soltys Voters are being asked to select not the next president but 127 deputies and 24 senators for which 217 lists are contending in the 23 provinces and this City with a total 1,648 candidates. The multiplicity of combinations arising from these numbers points to an infinity of results, each one of which would make the parliamentary negotiations lying ahead slightly different with no chance of any overall majority – 151 shades of grey.
The Week in Review
A selection of the stories that caught our eye over the last seven days in Argentina.
Cabinet changes
President Milei’s reshuffle gets underway early; Finance secretary and former JP Morgan executive Pablo Quirno, a close ally of Economy Minister Luis Caputo, named Argentina’s top diplomat following resignation of Gerardo Werthein.
NEW FOREIGN MINISTER
Beyond economic matters, Pablo Quirno’s Foreign Ministry will focus on promoting abroad the core elements of Milei’s “cultural battle,” a push launched the moment the head of state took office.
Official will leave his post after Sunday’s elections, according to government sources; Pending departure will follow Foreign Minister Gerardo Werthein’s decision to step down ahead of wider reshuffle.
Foreign Minister Gerardo Werthein has submitted his resignation to President Javier Milei, according to government sources; Decision follows days of speculation over his future and likely appointment of presidential advisor Santiago Caputo to Cabinet.
As President Javier Milei tightens currency controls, Argentines are turning to cryptocurrencies to protect their savings.
Voters are asking themselves “for what purpose and for how long” they should tolerate President Javier Milei’s austerity plan, says economist.
Milei government’s alliance confident of comfortable win in capital; Buenos Aires City set to elect three senators and 13 national deputies.
Milei’s government bid to have results combined in a national count shot down; National Electoral Appeals Court has rules that provisional count should be province by province.
Financial support from the United States government won’t be sufficient alone for Argentina, warn experts; Milei administration must change monetary policy if it is to stabilise finances long-term, they believe.
Some 40% of Argentina's income earners work in the informal sector with no social benefits – and many hold several jobs at once.
In the farm town of San Andrés de Giles, Milei mania is fizzling out. Some residents are not quite so convinced about the head of state as they once were.
columnists
Most viewed
-
1 ![]()
Make or break for President Milei as Argentina votes in key midterm election
-
2 ![]()
Election 2025 live blog: Voting begins in midterms, key test for Milei
-
3 ![]()
Five things to know about Argentina's pivotal midterm election
-
4 ![]()
Milei spent around US$7.4 billion protecting dollar in lead up to election
-
5 ![]()
Tomorrow never knows
Tomorrow never knows
Star's new contract ensures he will remain in competitive action until and long after the 2026 World Cup.
by Dan Edwards It was so near and yet so far for Argentina as they battled in vain for what would have been the nation's seventh FIFA U-20 World Cup title. But it bears repeating as many times as necessary: results are not the be-all and end-all of youth football.
editorials
Economic activity grew 0.3% in August from the preceding month; Up 2.4% year-on-year.
US Treasury Secretary Scott Bessent comes to the rescue of hedge funds including BlackRock, Fidelity, Pimco and Discovery Capital Management, all of which bought Argentine bonds. Several fund managers share a professional past with the US official.
One by one, the post-election changes President Milei is preparing for his Cabinet; Among the names being discussed are Santiago Caputo, Patricia Bullrich, Luis Petri, Guillermo Francos and more.
Argentina's peso strengthened, snapping a five-day losing streak amid continued market intervention by both the local and US governments.
Heading into his November 8 inauguration, Rodrigo Paz’s first test will be to replenish fuel supply that the outgoing administration of Luis Arce ran out of money to pay for.
Central Bank said Tuesday it had sold US$45.5 million on the foreign exchange market to try and halt a run on the peso ahead of Sunday's midterms.
US Treasury has been floating a US$20-billion financing deal involving banks, but key details such as the debt’s terms, structure and collateral remain unaddressed.
US military attacks in the Caribbean have sparked accusations of unjust killings, worsening diplomatic relations with Colombia.
US Treasury’s efforts to shore up Argentina’s currency are part of a broader effort to stabilise the economy before President Javier Milei’s party faces midterm elections.
After decades of instability and political turmoil, Peru’s youth demands change through organised protests.
Washington and eight governments from the region – including Argentina – hail Rodrigo Paz’s victory as a break from two decades of “economic mismanagement.”
Polls show La Libertad Avanza narrowing the gap but still trailing Peronism, prompting the President to abandon campaigning in nation's most populous district and shift attention to Córdoba and Rosario.
Maradona's five heirs sign agreement with Swedish firm Electa Global to market products under late footballer's name.
President Milei is expected to reshuffle his cabinet after Sunday's midterm elections, 'Clarín' reported Monday.
Finance Secretary Pablo Quirno says government plans to buy back sovereign bonds to reduce financing costs.
