ASSESSMENTS
Why Argentina's Leader Is in for a Tough 2019
Jun 1, 2018 | 09:00 GMT
![State workers demonstrate outside Argentina's Congress in Buenos Aires in September 2016 during a national strike to demand the reopening of wage negotiations to compensate for high inflation.](https://worldview.stratfor.com/sites/default/files/styles/2x1_full/public/argentina-peso-display-GettyImages-610699344.jpg?itok=xZIp7poT)
State workers demonstrate outside Argentina's Congress in Buenos Aires in September 2016. Argentine President Mauricio Macri's decision to negotiate a loan with the International Monetary Fund will complicate his efforts to secure re-election next year.
(EITAN ABRAMOVICH/AFP/Getty Images)
Highlights
- Argentina’s request for a standby loan from the International Monetary Fund will force the country to carry out tighter fiscal measures, such as reducing the transfer of funds to the provinces.
- As a result of his decision to negotiate a deal with the IMF, President Mauricio Macri will have a more difficult time gaining congressional support for economic and labor reforms.
- Although divisions persist in Argentina’s political opposition, worsening economic conditions will encourage Macri's rivals in the next quarter, hurting the president's chances of winning re-election in 2019.
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