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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

October 28, 2025

What’s Fueling Milei’s Momentum in Argentina?

The La Libertad Avanza party of Argentine President Javier Milei performed better than expected in the country’s midterm legislative elections on Sunday. // File Photo: Gage Skidmore via Flickr CC BY-SA 2.0.

Q

  • The party of Argentine President Javier Milei on Sunday won more seats than expected in the country’s midterm legislative elections, nearly doubling its representation in Congress. Milei’s La Libertad Avanza (LLA) party won more than 40 percent of the vote, as compared to 31 percent for the opposition Peronists, and will now control enough seats to prevent the overturning of presidential vetoes. To what can the ruling party attribute its victory? How significant were U.S. President Donald Trump’s threats to halt planned aid to Argentina in the event that Milei’s party lost? What do the results mean for Milei’s agenda, and how will he seek to capitalize on the victory? What do the results mean for Argentina’s economy and investment in the country?

A

Carlos Gervasoni, director and chair of the Department of Political Science and International Studies at the Torcuato Di Tella University: “The key factor for the results has been Milei’s success in bringing down inflation, an illness that has plagued Argentines for decades. A lower poverty rate and more law and order in the streets also helped. U.S. President Donald Trump’s threats to halt planned aid were likely inconsequential. Some voters may have seen the threat a reason to support LLA, while more nationalistic types may have perceived it as ‘foreign intervention’ and reacted by voting for other parties. Milei will now have the chance to push ahead with his existing agenda of fiscal hawkishness and price and exchange rate stabilization, and to launch, with some prospects of success, structural reforms, in particular a rationalization of Argentina’s unwieldy tax system and…”

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