The Argentine chancellor resigns a few days before the mid-term legislative elections

The Argentine chancellor resigns a few days before the mid-term legislative elections

Argentine Foreign Minister Gerardo Werthein has submitted his resignation, Argentina’s presidential office announced Wednesday, marking the second departure from that role during President Javier Milei’s nearly two-year administration.

It is not yet clear why Werthein would step down or who would replace the South American country’s top diplomat, who had previously served as ambassador to the United States.

The announcement came days before key legislative elections on Sunday, in which Milei’s libertarian party hopes to boost its minority presence in Congress to safeguard its strategy of sharp spending cuts and austerity to improve Argentina’s economy.

Local newspaper La Nación reported that Werthein was expected to resign after Sunday’s vote, but submitted his resignation on Tuesday evening.

Werthein held the position for nearly a year, replacing Milei’s first foreign minister, Diana Mondino, after she was fired for voting to lift the U.S. embargo against Cuba at the United Nations.

His resignation comes at a sensitive time for Milei, whose popularity due to his success in reducing inflation has been hit by public anger over the impact of his cuts, particularly on the elderly and disabled, and by a recent government corruption scandal.

Earlier this week, Milei said there would be a change of government after the mid-term elections, which will face greater scrutiny after Washington signaled that its financial support for Argentina could depend on the election results.

The U.S. Treasury has agreed to a $20 billion currency swap line with Argentina and signaled it is working on an additional $20 billion line with banks and investment funds.

Source: Terra

You may also like