On Sunday, Sergio Massa, Argentina’s Economy Minister, faced defeat in the second round of presidential elections. Although he is considering resigning from his office, Massa has decided to wait until a meeting between current President Alberto Fernández and the president-elect, Javier Milei, takes place. Official sources confirmed this information to EFE Agency.
The scheduled meeting between Massa and his economic cabinet at the Ministry of Economy will also take place, but it is unknown whether it will occur before or after the meeting between the sitting president and the president-elect. The two leaders are expected to meet on Monday at the presidential residence in Olivos on the outskirts of Buenos Aires, which is a public holiday in Argentina.
Javier Milei won the second round of elections with 55.69% of the votes against government leader Sergio Massa, who received 44.30%. Milei is expected to assume office on December 10th. After acknowledging his defeat, Massa stated that he has communicated with Milei to congratulate him and proposed mechanisms for linking and transitioning democratic change.
Milei declared that the Fernández government is leaving behind a destroyed economy that is on its way to hyperinflation, as well as facing problems in the exchange market, relative prices, and debts.