Juan Cruz Díaz, managing director, and Santiago Ott, senior analyst, both at Cefeidas Group in Buenos Aires: “President Alberto Fernández’s decision not to run for a second term in this year’s election did not come out of the blue. Following the defeat that the Frente de Todos (FdT) suffered in the 2021 legislative elections, Fernández saw his decision-making power significantly eroded, largely due to intense struggles within the ruling coalition as well as the country’s impaired macroeconomic situation. In this context, Fernández’s decision was likely a last-ditch attempt to preserve the FdT’s unity and, consequently, competitiveness in the run-up to the elections. Should Fernández have sought a second term, other FdT candidates would have had to compete against their coalition’s visible face in the primaries, harming FdT’s perception among voters as a disciplined and coherent political bloc. Now, the scenario is different because…”
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