Argentine President Javier Milei’s libertarian party has won a big victory in national midterm legislative elections, giving his free-market reform drive fresh impetus after a financial market crisis threatened to derail it.
Milei’s La Libertad Avanza party garnered 40.8 per cent against 31.6 per cent for the Peronist opposition alliance with 95 per cent counted, according to tallies by local media using provisional figures from the electoral commission. Turnout in Sunday’s election was 68 per cent, compared with 71.8 per cent in the previous midterm election in 2021.
The result should help Milei push ahead with his radical overhaul of Argentina’s long-troubled economy, which had faltered after a series of mis-steps by his government. Investor jitters about faltering support for Milei’s reforms triggered a run on the peso last month.