Javier Milei has been described an an outsider and a far-right populist, and as of Nov. 19, he is Argentina’s next president. The 53-year-old libertarian secured his victory with 56% of the vote, surpassing his left-wing challenger, Sergio Massa, who received 44%.
The Argentine president-elect secured the widest victory margin in 40 years.
Milei, a former TV personality often likened to former President Donald Trump, is set to face significant challenges in his new role. Argentina’s economy is buckling under triple-digit inflation, rising poverty, massive debt and job shortages.
To solve the country’s economic crisis, Milei plans to close down the central bank, ditch the peso in favor of the U.S. dollar and slash spending.
Trump praised the new leader on his social media platform,Truth Social.
“The whole world was watching,” Trump said. “I am very proud of you. You will turn your Country around and truly Make Argentina Great Again!”
Leaders of surrounding countries have also largely praised Argentina’s new president-elect.