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Weekly Report - 12 December 2019 (WR-19-49)

Fernández seeks to hit ground running in Argentina

After a four-year hiatus, Peronism is back in Argentina. Alberto Fernández was sworn-in as the country’s new president on 10 December. Having delayed revealing the members of his cabinet until days before his investiture, Fernández wasted no time in setting about business. He wants congress to approve three bills before Christmas declaring public health, social, and economic emergencies, which would delegate legislative powers to the executive. This will create tensions with the centre-right opposition Cambiemos coalition that supported his predecessor, Mauricio Macri, and provide an immediate test of his government’s ability to marshal support in congress. Meanwhile, his new economy minister, a political neophyte, moved to initiate a consultation process with creditors with a view to easing Argentina’s onerous external debt burden.

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