Javier Milei’s libertarian party, La Libertad Avanza, achieved a major victory in Argentina’s October 26 legislative elections, capturing around 40.8 % of the national vote and extending its influence in both chambers of Congress.
The win strengthens Milei’s mandate to pursue sweeping free-market reforms, following a campaign marked by austerity measures and sharp budget cuts.
Despite falling short of an outright majority, the result gives his party the leverage to block opposition legislation and consolidate power.
Markets responded positively: Argentine bond prices surged and risk premiums dropped, reflecting investor confidence in the elections’ outcome.
Critics warn that Milei now faces the challenge of delivering tangible improvements without sparking further unrest amid high unemployment and social strain.
