Argentina’s political landscape deteriorated during the reporting period. The Fernández government made excessive use of necessity and urgency decrees, almost completely sidelining the legislative branch. Checks and balances came under additional pressure from the government’s persistent attacks on the judiciary. The hostility between the moderate and radical wings of Peronism intensified.
President Alberto Fernández’s government inherited a deep economic crisis and the lack of government consensus undermined efforts to restore the market. In March 2022, the government agreed with the IMF on a $45 billion program to defer impending debt payments. Yet, persistent economic imbalances continue to pose ongoing challenges.
While President Fernández established several strategic priorities, it remained uncertain whether these priorities would endure in the long term, given the veto power held by his left-wing vice president. His policies focused on stabilizing the economy and mitigating social hardships. In addition, he aimed to comprehensively reform the justice system to bolster its independence and integrity. However, Fernández encountered significant challenges in effectively prioritizing and organizing policy measures.
