Bullrich may struggle to win Argentine presidency

Significance

However, the total vote in the JxC primary was below that of the vote for far-right libertarian Javier Milei, and Bullrich herself was only the third-most-voted presidential nominee in the simultaneous open primaries (PASO), after Milei and Economy Minister Sergio Massa.

Impacts

• Milei’s surprising result will worsen economic instability, with the parallel exchange rate falling to ARS700:USD1 yesterday.
• Suggestions of a post-election alliance between Bullrich and Milei may deter voters seeking a less right-wing option.
• Voter turnout will likely be higher in October; it is not yet clear who will benefit most from higher participation.