Weekly Report - 24 March 2022 (WR-22-12)

Fernández facing formidable opposition within and without

Argentina’s President Alberto Fernández is facing a significant political struggle on two fronts which could scupper any aspiration he has for a second term in power from December 2023. The radical Kirchnerista wing of his ruling left-of-centre Frente de Todos (FdT) coalition loyal to his Vice President Cristina Fernández has for the most part kept its powder dry. But, in a sign that the alliance between the disparate factions within the FdT is unravelling, Kirchnerista senators emphatically rejected the government’s US$45bn debt rescheduling agreement with the International Monetary Fund (IMF) last week. And now farming unions are gearing up for protest action, which has the potential to be highly disruptive, after the government increased the export tax on key agricultural products in a bid to finance a fund to contain inflation.

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