From the Document: "Current President Mauricio Macri--leader of the center-right 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 (Front for Victory, or FPV) of the Peronist party (officially known as the Justicialist Party) 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. [...] 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
Congressional Research Service: https://crsreports.congress.gov/