"Current President Mauricio Macri--leader of the centerright Republican Proposal and the Cambiemos (Let's Change) coalition representing center-right and center-left parties--won the 2015 presidential election in a close race. Macri defeated the candidate of the leftist faction of the Peronist party (Front for Victory, or FPV) led by outgoing President Cristina Fernández de Kirchner, who was ineligible to run for a third consecutive term. Macri's election ended 12 years of FPV rule by the Kirchners (Néstor Kirchner, 2003-2007, and Cristina Fernández, 2007-2015). The Kirchners' rule helped Argentina emerge from a severe economic crisis in 2001-2002 but was characterized by protectionist and unorthodox economic policies and increasing corruption."
CRS In Focus, IF10932