In a surprising turn of events, libertarian candidate Javier Milei secured a decisive victory in the Argentinian presidential election on Sunday, defeating left-leaning economy minister Sergio Massa, as reported by The Associated Press.
Despite official results yet to be released by the electoral authority, Sergio Massa, the incumbent Economy Minister, conceded defeat to the populist Milei in the highly polarized presidential runoff, according to the AP. With 86.6% of the votes counted, Milei, a right-wing economist, emerged victorious with 55.95%, while Massa garnered 44.04%. The polls, initially indicating a closely contested race, shifted in Milei’s favor, propelled by his distinctive campaign tactics that included symbolically using a chainsaw to emphasize his commitment to reducing government spending.
Milei’s notable policy proposal to adopt the U.S. dollar as Argentina’s official currency, an unprecedented move for a nation of its size, is now set to be implemented.
The AP notes that Massa, a seasoned politician representing the political establishment, faced challenges associated with soaring inflation rates during his tenure. The election outcome signals a significant shift in Argentina’s political landscape, with voters endorsing Milei’s vision for change.
Polls closed at 6 p.m. local time (4 p.m. ET), and Milei’s victory is expected to bring about policy changes, including potential shifts in stances on abortion and climate change, according to the AP. Former Brazilian President Jair Bolsonaro’s endorsement of Milei’s candidacy adds further weight to the election results.
As of now, Javier Milei has not provided an immediate response to requests for comment.
