Argentina's ruling coalition headed by president Mauricio Macri managed better than expected overall results in Sunday's national mandatory and simultaneous primaries to choose candidates for the midterm elections of 22 October.50 comments
With trading much more relaxed on Friday ended the several days of money market uncertainty leading to Argentina Sunday´s primary election, an anticipation of what can happen in the midterm elections of 22 October when President Mauricio Macri's economic reforms will be put to test in the polls, and hopefully his coalition will increase its congressional support.
On Sunday Argentines will be able to choose their candidates to the Senate and Lower House for the midterm October elections, in a process known as PASO, which means open mandatory, simultaneous primaries for all parties, but which are not compulsory for the electoral roll.
President Mauricio Macri anticipated on Tuesday that investments in Argentina would multiply after what he predicted will be a triumph for his Let's Change Coalition in October's mid-term elections. While Macri said his allies would win “by a lot” nationwide, he admitted polls showed a tight race between his party's candidate and ex president Cristina Fernandez for a Senate seat in Buenos Aires province.
With less than a week to the Argentine primaries next Sunday to chose candidates for the October midterm election, the dispute in the province of Buenos Aires which concentrates 35% of the national electorate is particularly interesting as decisive since ex president Cristina Fernandez has good chances of winning the Senate bench.
With less than two weeks for the PASO compulsory primaries in Argentina, in anticipation of the October midterm elections, the ruling political party of president Mauricio Macri Let us change, is expected to come out in a better position, whether it wins or loses with the revival of Kirchnerism.
Argentine president Mauricio Macri received on Wednesday Chancellor of the Exchequer Philip Hammond, who had anticipated the purpose of the visit was to deepen UK-Argentine economic partnership and address political issues of common interest, such as the 2018 G20 summit and Argentina's aspiration to join OECD.
The Chancellor of the Exchequer begins on Wednesday a round of trade, investment and political contacts in Argentina, following a two day visit to Brazil, as part of a tour of South America's biggest economy. It will be the most important visit of a British cabinet minister in over sixteen years to Argentina.
Argentina's Peso rose against the dollar on Monday for the first time in two weeks, after the central bank intervened in the foreign exchange markets on Friday to halt the currency's rapid decline to historic lows, when it reached 18 Pesos.
Chancellor of the Exchequer Philip Hammond is scheduled to arrive in Buenos Aires Tuesday evening following a two day business promotion visit to Brazil. It will be the first time a leading UK cabinet minister sets foot in Argentina in sixteen years; the last was when ex Prime Minister Tony Blair met ex president Fernando De la Rua in the Iguazu falls in 2001.