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ARTICLE · 01 DECEMBER 2015

A New Business-Friendly Argentina

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Argentina held general elections on Oct. 25, 2015, following primary elections which were held on Aug. 9, 2015.

CanadaInternational Law
France Tenaille
France Tenaille
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Argentina held general elections on Oct. 25, 2015, following primary elections which were held on Aug. 9, 2015. The October round resulted in surprisingly close results, which forced the first presidential runoff round in Argentine history. This past Sunday, Nov. 22, the runoff resulted in a victory by Mauricio Macri over Daniel Scioli, the political successor of the current president, Cristina Fernandez de Kichner. This narrow victory of three percentage points signifies a rightward shift in the country's political and economic agenda.

On Monday, Mr. Macri vowed to get Argentina's stalled economy moving again with sweeping economic reforms to tackle weak growth, high inflation and a deep fiscal deficit after more than a decade of free-spending leftist populism. This shift in government opens the door to better relations with the US and Argentina's financial creditors. Investors have acknowledged the potential for opportunity as witnessed in the 25 percent surge of

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