The election of President Mauricio Macri may signal the start of a new era in Argentine energy policy and cooperation with the United States, but the new government still faces challenges to increasing oil and gas production and erasing energy subsidies.
As Latin American countries reassess their energy policies in light of lower oil prices, there is an opportunity to apply lessons learned from the US experience to enact regulations that mitigate environmental risks, strengthen public support, and attract investment.
As global oil prices collapsed over the last two years, regional governments have started to lose their leverage in the energy industry. To attract international investors, they must offer increasingly favorable terms, which means ceding more of their own control.
So far, Macri has been successful in attributing the social pain of the reforms to the gravity of the situation he inherited. Still, Argentina’s patience could run out before the economy starts growing again.
El 25 de mayo de 2016, el Diálogo Interamericano sostuvo un conversatorio con Elisa “Lilita” Carrió, diputada nacional Coalición Cívica para la Afirmación de un República Igualitaria (CC-ARI) para Buenos Aires, sobre el panorama congresal en Argentina.
In a vitriolic address to Argentina’s Congress on March 1, President Alberto Fernandez put to rest any illusions that he would be a moderating influence on his vice president and political mentor, former President Cristina Fernandez de Kirchner. During his speech, the president attacked Cristina Fernandez’s traditional enemies, including the press, the judiciary, and the political opposition. More surprisingly, he also criticized the IMF, despite being in the middle of discussions to renegotiate Argentina’s $44 billion debt.
Bruno Binetti
Articles & Op-Eds ˙
˙ World Politics Review
Lisa Viscidi, director of the Energy, Climate Change & Extractive Industries Program, appeared on CGTN to discuss the reasons for the unprecedented blackout that affected all of Argentina and Uruguay and parts of Paraguay on June 16, how it affects Argentine President Mauricio Macri’s re-election campaign, and whether it could happen again.
Michael Shifter, presidente del Diálogo Interamericano, participó en el programa Cuestión de Poder de NTN24 para tratar los temas de las negociaciones en la crisis venezolana, las elecciones en Argentina y la visita del presidente electo de Guatemala a Estados Unidos.
El presidente del Diálogo Interamericano, Michael Shifter, habló con Gustau Alegret del programa Cuestión de Poder de NTN24 sobre la situación actual en la región, la presión económica en muchos países y la crisis en Ecuador.
Each subsequent crisis makes it more difficult for the government to reform the economy without provoking a major social disruption. To escape its never-ending cycle of crises, however, the next president will have to do more than reform the economy; he will have to win back the trust of voters who have grown to expect the worst from their leaders.
Susana Malcorra, former minister of foreign affairs for Argentina, has been appointed as the new dean of the IE School of Global & Public Affairs, as announced by the IE University in Spain.