Connect with us

Latest News

Far-right outsider Milei wins Argentina presidential run-off election

Published

on

Far-right libertarian outsider Javier Milei has won Argentina’s presidential run-off poll, according to provisional results.

Milei’s rival, economy minister Sergio Massa, called him to concede.

Former US President Donald Trump congratulated  Milei on his victory, saying he would “Make Argentina Great Again!”.

The election comes at a difficult time for Argentina with rising inflation and an economy in crisis on peoples’ minds.

Milei’s proposals, which included detonating the central bank, won support with voters desperate for change.He confounded pollsters by easily defeating the candidate of the governing Peronists, provisionally by more than 10 points.

Provisional results showed  Milei had nearly 56% of the vote compared with 44% for  Massa, with almost 90% of votes counted.

“Obviously the results are not what we expected. I have contacted Javier Milei to congratulate him,” Massa said. “From tomorrow the responsibility of providing certainty belongs to Milei.”

It was a close race to the very end but the former pundit who at one point wielded a chainsaw on the campaign trail, won out.

A man who has been likened to former US President Donald Trump, and ex-Brazilian leader Jair Bolsonaro, Javier Milei is untested. But that was part of his appeal.

His talk of introducing the US dollar as the country’s official currency was met with applause by his supporters. Many economists though talk of financial disaster.

No matter, in a country where annual inflation is now over 140% and two in five people live in poverty, his win proves that Argentinians are fed up with traditional politics and economic disaster. His victory means they are willing to try something new in an effort to make their lives better.

Reacting to the result, former President Trump posted on his Truth Social platform: “The whole world was watching! I am very proud of you.”You will turn your country around and truly Make Argentina Great Again!”

White House National Security Adviser Jake Sullivan congratulated  Milei on his election “and to the people of Argentina for holding free and fair elections”.

Posting on X, he said the US would “look forward to building on our strong bilateral relationship based on our shared commitment to human rights, democratic values, and transparency”.

South American leaders have also been commenting on  Milei’s victory, with Brazil’s President Luiz Inácio Lula da Silva posting: “I wish good luck and success to the new government. Argentina is a great country and deserves all our respect. Brazil will always be available to work together with our Argentine brothers,” he posted on X, formerly Twitter.

On the campaign trail, the president-elect publicly criticised Lula’s policies and branded him an “angry communist”.

Colombia’s President Gustavo Petro said the result of the election was “sad for Latin America. Neoliberalism no longer has a proposal for society, it cannot respond to humanity’s current problems,” he posted on X.

But Chile’s President Gabriel Boric said he saluted Milei “for his victory and Sergio Massa for his worthy recognition of defeat”. He posted on X: “I wish the Argentine people the best and know that they will always have our respect and support.”

(BBC)



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Action beyond dialogue is essential in addressing Green Financing and climate change. – Prime Minister

Published

on

By

There have been numerous discussions and dialogues successfully conducted across various sectors, but it is now crucial to move beyond conversation and focus on strengthening the implementation. Such collaborative effort like GGGI initiates in leading Sri Lanka towards a resilient and sustainable finance.

The Prime Minister made these remarks while attending the Sri Lanka climate finance awareness session on advancing sustainable finance and carbon markets for climate action held today (30) at hotel Marriott Bonvoy in Colombo City Center.

The awareness session was organized by the Prime Minister’s Office with the collaboration of the ministry of Environment and Global Green Growth Institute (GGGI) to create awareness of Green finance strategies leading to new initiatives for sustainable Sri Lanka.

Delivering the keynote address, Prime Minister Dr. Harini Amarasuriya stated that this session is intended to support the line ministries in better understanding how these financing mechanisms work and how they could be leveraged to implement the sustainable development priorities.

Addressing the event, the Prime Minister further stated:

“Sri Lanka has developed and updated numerous environmental frameworks to address the growing challenge of climate change, that has become the current development challenge that continues to affect lives, livelihoods, and our overall trajectory as a nation.

In Sri Lanka, key sectors such as agriculture, fisheries, energy, tourism, and water are increasingly exposed to climate-related disruptions, threatening both livelihoods and macroeconomic stability. To prevent this trajectory, we must leverage a full spectrum of international climate finance instruments.

Sri Lanka has a solid policy foundation, political will, and the institutional capacity to lead on climate action. What we now need is the financial architecture to match this ambition. Hence, today’s session represents a step toward building shared awareness and technical capacity across the public sector”.

The Prime Minister emphasized that while numerous discussions and dialogues have been successfully conducted across various sectors, it is now crucial to move beyond conversation and focus on concrete implementation highlighting that meaningful results can only be achieved when ideas and plans are translated into action, and urged all stakeholders and officers to prioritize execution to bring about the positive changes the country needs.

The event was attended by secretary to the Prime Minister, G. P. Saputhanthri, representatives from the central bank, representatives of Ministries and GGGI institute.

[Prime Minister’s Media Division]

Continue Reading

Latest News

1,000-acre forest plantation project to be launched under “Clean Sri Lanka” programme

Published

on

By

Under the “Clean Sri Lanka” programme, plans are underway to launch a 1,000-acre forest plantation project in collaboration with the private sector. This large-scale initiative is designed to operate under the Public-Private-People Partnership (4P) concept and a preliminary discussion on the project was held today (30) at the Presidential Secretariat.

The discussion focused on resolving technical aspects associated with the project and addressing the fundamental issues necessary for the land release.

The programme aims to implement several effective environmental projects in the coming year with the active participation of the private sector. These efforts are intended to safeguard the country’s biodiversity, forest cover and natural ecosystems, while also reinforcing the shared responsibility of the public, government and private sector in environmental conservation.

The discussion was chaired by Senior Additional Secretary to the President  Russell Aponsu and Additional Secretary of the Clean Sri Lanka Programme  S.P.C. Sugeeshwara, with the participation of senior officials from the Ministries of Agriculture, Livestock, Lands and Irrigation and Environment

Continue Reading

Business

European Union has a favorable perspective on the current GSP+ review process.- Charles Whiteley

Published

on

By

The Head of South Asia Division, European External Action Service of the European Union Charles Whiteley stated that the European Union has a favorable perspective on the current GSP+ review process.

He made these remarks during a meeting held today (30) at the Presidential Secretariat with President Anura Kumara Disanayake, as part of an official visit by a European Union delegation to Sri Lanka.

Mr. Whiteley highlighted the longstanding partnership between Sri Lanka and the EU, which has led to significant trade gains. He affirmed the EU’s willingness to continue supporting Sri Lanka in achieving further commercial progress.

He stated that the GSP+ concessions from the European Union are anticipated to encourage Sri Lanka to provide products that meet standardized quality requirements. He further said that the continuation of GSP+ trade concession is assessed on alignment with the current government’s policy commitments and progress.

The meeting assessed Sri Lanka’s advancements in executing 27 international conventions related to the European Union’s GSP+ tax concession, known as the Generalized System of Preferences.

President Disanayake expressed his gratitude for the EU’s assistance during Sri Lanka’s economic crisis. He acknowledged that the GSP+ facility has played an important role in supporting the country’s export sector and economic recovery.

The President further noted that the collapse of Sri Lanka’s economy was the result of a deeply flawed political system, marked by corruption and mismanagement. The President stated that the current administration is working to rebuild the country through stable and transparent governance, though this transformation will require time.

Highlighting a key shift in political support, the President pointed out that unlike previous governments, which relied heavily on support from the South, the current administration was elected with the collective support of Sinhala, Tamil and Muslim communities from across the country. The President reaffirmed his government’s commitment to delivering on the promises made to all citizens.

Also present at the meeting were Minister of Labour, Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, Minister of Justice and National Integration Harshana Nanayakkara, Attorney-at-law, Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma , Senior Additional Secretary to the President Roshan Gamage, the Ambassador designate of the European Union to Sri Lanka and the Maldives . Carmen Moreno, General for Trade and Economic Security – Policy Officer of the European Commission’s Directorate Guido Dolara, Desk Officer for Sri Lanka at European External Action Service Ms. Galija Agisheva along with other EU and Sri Lankan officials.

[PMD]

Continue Reading

Trending