IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.54% USD/MXN17.50▲ 0.63% USD/CLP946.81▲ 1.20% USD/COP3,207▼ 0.65% USD/PEN3.39▼ 0.24% USD/ARS1,490▲ 0.50% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.94▼ 0.10% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.25% BRENT 100.73 ▲ 7.08% WTI 92.37 ▲ 6.38% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.71% GOLD 4,052 ▼ 2.28% SILVER 58.00 ▼ 3.37% SOY 1,246 ▲ 1.03% CORN 488.25 ▲ 5.68% WHEAT 701.50 ▼ 0.60% COFFEE 309.70 ▼ 2.19% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.95 ▼ 2.89% COTTON 81.53 ▲ 2.08% COCOA 5,323 ▼ 0.09% BEEF 220.80 ▼ 1.08% CATTLE 339.65 ▼ 0.45% LITHIUM 69.02 ▲ 0.03% PETR4 43.18 ▲ 1.41% VALE3 76.11 ▲ 1.34% ITUB4 42.34 ▼ 1.31% BBDC4 18.75 ▼ 1.16% ABEV3 15.90 ▼ 1.43% BBAS3 20.83 ▼ 1.23% B3SA3 15.59 ▼ 1.95% WEGE3 45.05 ▼ 3.62% PRIO3 61.19 ▲ 2.38% SUZB3 42.07 ▼ 1.38% RENT3 37.00 ▼ 0.38% AZZA3 17.55 ▼ 1.46% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.90 ▼ 0.26% PSSA3 55.22 ▼ 0.41% CVCB3 1.27 — 0.00% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.60 ▼ 0.92% BRKM5 6.15 ▲ 1.32% RANI3 7.95 ▼ 0.63% CSNA3 5.39 ▲ 0.19% CMIN3 5.79 ▼ 0.86% USIM5 8.60 ▼ 0.58% GGBR4 24.17 ▲ 0.46% ENEV3 25.56 ▼ 1.58% CPFE3 46.11 ▼ 1.28% CMIG4 11.15 ▼ 0.54% EQTL3 38.78 ▼ 1.45% LREN3 13.30 ▼ 1.77% VIVT3 34.64 ▼ 2.09% RAIL3 14.00 ▲ 2.64% KLABIN 17.59 ▼ 1.90% RAIA DROGASIL 18.40 ▲ 0.60% RDOR3 33.89 ▼ 1.74% HAPV3 10.91 ▼ 4.21% FLRY3 16.59 ▼ 0.36% SMTO3 16.10 ▲ 0.31% UGPA3 32.95 ▲ 0.37% VBBR3 35.27 ▲ 0.83% BBSE3 42.46 ▼ 0.28% BPAC11 56.17 ▼ 1.49% CURY3 29.60 ▼ 1.99% AERI3 2.04 ▼ 0.49% VIVARA 21.59 ▲ 0.19% COMPASS 24.94 ▲ 0.52% VAMOS 3.20 ▼ 0.93% SANB11 26.68 ▼ 1.00% ASAI3 8.14 ▼ 3.10% SBSP3 28.83 ▼ 1.57% WALMEX 47.26 ▼ 2.86% GMEXICO 211.83 ▼ 1.48% FEMSA 223.63 ▼ 1.80% CEMEX 21.71 ▼ 2.07% GFNORTE 191.11 ▼ 0.27% BIMBO 59.75 ▼ 0.91% TELEVISA 9.91 ▲ 0.92% AMX 22.83 ▲ 0.62% GAP 378.26 ▲ 0.41% ASUR 271.61 ▼ 0.70% OMA 228.49 ▼ 0.09% KOF 180.50 ▼ 1.18% GRUMA 273.17 ▼ 2.60% KIMBER 39.02 ▲ 0.52% SQM-B 66,429 ▲ 2.11% COPEC 6,446 ▼ 1.58% BSANTANDER 79.69 ▼ 0.20% FALABELLA 6,058 ▲ 0.27% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,060 ▼ 0.96% BANCO CHILE 192.14 ▼ 0.70% LATAM AIR 23.60 ▼ 2.03% YPF 83,350 ▲ 1.03% GGAL 8,065 ▼ 2.54% PAMPA 5,690 ▲ 1.16% TXAR 672.50 ▲ 0.67% ALUAR 978.00 ▲ 0.41% TGS 10,090 ▲ 1.87% CEPU 2,431 ▲ 0.83% MIRGOR 16,700 ▼ 1.33% COME 43.00 ▼ 0.32% LOMA NEGRA 3,813 ▲ 0.07% BYMA 294.50 ▼ 0.34% TELECOM ARG 4,275 ▼ 3.28% ECOPETROL 16.73 ▲ 0.24% BANCOLOMBIA 86.24 ▲ 1.86% GRUPO AVAL 4.89 ▼ 2.98% CREDICORP 389.97 ▼ 0.94% SOUTHERN COPPER 185.76 ▼ 4.97% BUENAVENTURA 31.18 ▼ 2.84% MERCADOLIBRE 1,793 ▼ 0.32% NUBANK 14.24 ▼ 1.86% XP 17.09 ▼ 1.24% PAGSEGURO 9.39 ▼ 2.90% STONE 10.99 ▼ 3.30% GLOBANT 30.07 ▼ 1.96% TECNOGLASS 44.06 ▼ 2.57% GAP AIRPORT 216.00 ▼ 0.71% ASUR 271.61 ▼ 0.70% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 25.99 ▼ 0.50% FEMSA ADR 127.88 ▼ 2.32% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.18 ▲ 1.51% VALE ADR 14.94 ▲ 0.57% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.92% GERDAU 4.77 ▼ 0.10% LATAM ADR 49.70 ▼ 3.05% BTC 64,712 ▼ 2.10% ETH 1,886 ▼ 2.46% SOL 75.92 ▼ 2.55% XRP 1.11 ▼ 2.97% BNB 566.57 ▼ 0.73% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.72% AVAX 6.43 ▼ 2.83% LINK 8.47 ▼ 1.77% DOT 0.81 ▼ 3.02% LTC 46.48 ▼ 1.26% BCH 212.45 ▼ 3.42% TRX 0.33 ▼ 0.72% XLM 0.18 ▼ 2.66% HBAR 0.07 ▼ 0.64% NEAR 1.88 ▲ 0.48% ATOM 1.43 ▼ 2.36% AAVE 95.96 ▼ 1.43% SELIC 14.25% EMBRAER 83.32 ▼ 0.56% EMBRAER ADR 65.61 ▼ 0.66% JBS 12.04 ▼ 1.76% JBS BDR 61.15 ▼ 1.05% MBRF3 15.94 ▼ 0.56% MBRFY 3.10 ▼ 2.82% INTER 5.48 ▼ 3.78% IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.56% USD/MXN 17.50 ▲ 0.64% USD/CLP 946.59 ▲ 1.17% USD/COP 3,204 ▼ 0.73% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,490 ▲ 0.50% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.94 ▼ 0.10% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.23% BRENT 100.73 ▲ 7.08% WTI 92.37 ▲ 6.38% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.71% GOLD 4,052 ▼ 2.28% SILVER 58.00 ▼ 3.37% SOY 1,246 ▲ 1.03% CORN 488.25 ▲ 5.68% WHEAT 701.50 ▼ 0.60% COFFEE 309.70 ▼ 2.19% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.95 ▼ 2.89% COTTON 81.53 ▲ 2.08% COCOA 5,323 ▼ 0.09% BEEF 220.80 ▼ 1.08% CATTLE 339.65 ▼ 0.45% LITHIUM 69.02 ▲ 0.03% PETR4 43.18 ▲ 1.41% VALE3 76.11 ▲ 1.34% ITUB4 42.34 ▼ 1.31% BBDC4 18.75 ▼ 1.16% ABEV3 15.90 ▼ 1.43% BBAS3 20.83 ▼ 1.23% B3SA3 15.59 ▼ 1.95% WEGE3 45.05 ▼ 3.62% PRIO3 61.19 ▲ 2.38% SUZB3 42.07 ▼ 1.38% RENT3 37.00 ▼ 0.38% AZZA3 17.55 ▼ 1.46% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.90 ▼ 0.26% PSSA3 55.22 ▼ 0.41% CVCB3 1.27 — 0.00% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.60 ▼ 0.92% BRKM5 6.15 ▲ 1.32% RANI3 7.95 ▼ 0.63% CSNA3 5.39 ▲ 0.19% CMIN3 5.79 ▼ 0.86% USIM5 8.60 ▼ 0.58% GGBR4 24.17 ▲ 0.46% ENEV3 25.56 ▼ 1.58% CPFE3 46.11 ▼ 1.28% CMIG4 11.15 ▼ 0.54% EQTL3 38.78 ▼ 1.45% LREN3 13.30 ▼ 1.77% VIVT3 34.64 ▼ 2.09% RAIL3 14.00 ▲ 2.64% KLABIN 17.59 ▼ 1.90% RAIA DROGASIL 18.40 ▲ 0.60% RDOR3 33.89 ▼ 1.74% HAPV3 10.91 ▼ 4.21% FLRY3 16.59 ▼ 0.36% SMTO3 16.10 ▲ 0.31% UGPA3 32.95 ▲ 0.37% VBBR3 35.27 ▲ 0.83% BBSE3 42.46 ▼ 0.28% BPAC11 56.17 ▼ 1.49% CURY3 29.60 ▼ 1.99% AERI3 2.04 ▼ 0.49% VIVARA 21.59 ▲ 0.19% COMPASS 24.94 ▲ 0.52% VAMOS 3.20 ▼ 0.93% SANB11 26.68 ▼ 1.00% ASAI3 8.14 ▼ 3.10% SBSP3 28.83 ▼ 1.57% WALMEX 47.26 ▼ 2.86% GMEXICO 211.83 ▼ 1.48% FEMSA 223.63 ▼ 1.80% CEMEX 21.71 ▼ 2.07% GFNORTE 191.11 ▼ 0.27% BIMBO 59.75 ▼ 0.91% TELEVISA 9.91 ▲ 0.92% AMX 22.83 ▲ 0.62% GAP 378.26 ▲ 0.41% ASUR 271.61 ▼ 0.70% OMA 228.49 ▼ 0.09% KOF 180.50 ▼ 1.18% GRUMA 273.17 ▼ 2.60% KIMBER 39.02 ▲ 0.52% SQM-B 66,429 ▲ 2.11% COPEC 6,446 ▼ 1.58% BSANTANDER 79.69 ▼ 0.20% FALABELLA 6,058 ▲ 0.27% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,060 ▼ 0.96% BANCO CHILE 192.14 ▼ 0.70% LATAM AIR 23.60 ▼ 2.03% YPF 83,350 ▲ 1.03% GGAL 8,065 ▼ 2.54% PAMPA 5,690 ▲ 1.16% TXAR 672.50 ▲ 0.67% ALUAR 978.00 ▲ 0.41% TGS 10,090 ▲ 1.87% CEPU 2,431 ▲ 0.83% MIRGOR 16,700 ▼ 1.33% COME 43.00 ▼ 0.32% LOMA NEGRA 3,813 ▲ 0.07% BYMA 294.50 ▼ 0.34% TELECOM ARG 4,275 ▼ 3.28% ECOPETROL 16.73 ▲ 0.24% BANCOLOMBIA 86.24 ▲ 1.86% GRUPO AVAL 4.89 ▼ 2.98% CREDICORP 389.97 ▼ 0.94% SOUTHERN COPPER 185.76 ▼ 4.97% BUENAVENTURA 31.18 ▼ 2.84% MERCADOLIBRE 1,793 ▼ 0.32% NUBANK 14.24 ▼ 1.86% XP 17.09 ▼ 1.24% PAGSEGURO 9.39 ▼ 2.90% STONE 10.99 ▼ 3.30% GLOBANT 30.07 ▼ 1.96% TECNOGLASS 44.06 ▼ 2.57% GAP AIRPORT 216.00 ▼ 0.71% ASUR 271.61 ▼ 0.70% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 25.99 ▼ 0.50% FEMSA ADR 127.88 ▼ 2.32% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.18 ▲ 1.51% VALE ADR 14.94 ▲ 0.57% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.92% GERDAU 4.77 ▼ 0.10% LATAM ADR 49.70 ▼ 3.05% BTC 64,712 ▼ 2.10% ETH 1,886 ▼ 2.46% SOL 75.92 ▼ 2.55% XRP 1.11 ▼ 2.97% BNB 566.57 ▼ 0.73% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.72% AVAX 6.43 ▼ 2.83% LINK 8.47 ▼ 1.77% DOT 0.81 ▼ 3.02% LTC 46.48 ▼ 1.26% BCH 212.45 ▼ 3.42% TRX 0.33 ▼ 0.72% XLM 0.18 ▼ 2.66% HBAR 0.07 ▼ 0.64% NEAR 1.88 ▲ 0.48% ATOM 1.43 ▼ 2.36% AAVE 95.96 ▼ 1.43% SELIC 14.25% EMBRAER 83.32 ▼ 0.56% EMBRAER ADR 65.61 ▼ 0.66% JBS 12.04 ▼ 1.76% JBS BDR 61.15 ▼ 1.05% MBRF3 15.94 ▼ 0.56% MBRFY 3.10 ▼ 2.82% INTER 5.48 ▼ 3.78%
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Thursday, July 23, 2026

Kirchnerism turns 20; it has shaped Argentina’s politics with fire

By · May 25, 2023 · 3 min read

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As Kirchnerism, the influential political movement in Argentina, hits its 20-year mark, it finds itself at a critical juncture for reinvention.

Since its inception in 2003, the movement has been a key player in the national political scene, governing the country for 16 of these 20 years.

It left a lasting impact, remembered for both its accomplishments and controversies.

The ascension of Néstor Kirchner to the presidency in 2003 marked a major shift in Argentina’s political landscape, starting a governmental era that would span 12 years.

Despite a defeat in 2015, Kirchnerism managed to regroup and, under the banner of the Frente de Todos, returned to power in 2019.

Vice President and former President Cristina Fernández de Kirchner and her husband, former President of Argentina, Néstor Kirchner (Photo internet reproduction)
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Today, Kirchnerism’s perseverance in a country historically marked by instability raises questions.

Analysts suggest the movement’s ability to transform both the political climate and itself as key factors.

However, many acknowledge the stark difference between the Kirchnerism of 2003 and its current form.

The movement’s highlights include legislation like the Equal Marriage Law (2010), the Gender Identity Law (2012), and a drastic reduction in unemployment.

However, accusations of corruption, interference with official inflation statistics, and growing macroeconomic instability shed light on the complexity and multifaceted nature of Kirchnerism.

Kirchnerism came to power during a time of political and economic turmoil, a period still echoing the reverberations of the severe crisis of December 2001.

Despite starting from a place of extreme fragility, Kirchner managed to accumulate power and stabilize Argentina’s economy, thanks to favorable international conditions, especially an increase in the value of soybeans, Argentina’s main export.

However, Kirchnerism’s journey has been marred by political upheavals and economic challenges.

It has faced opposition from rural producers and the media conglomerate Grupo Clarín, leading to a rift between the economic power and the government.

The movement’s strategy of confronting concentrated economic power was seen as alienating to some of its allies and lower-middle-class constituents.

Despite winning the presidential elections in 2011 with a landslide, the latter half of the Kirchner era has been characterized by economic stagnation and rising inflation.

The economic downturn, coupled with legal restrictions preventing reelection, resulted in the loss of the presidency to the opposition party, Cambiemos, in 2015.

In 2019, however, Kirchnerism returned to power under the leadership of Alberto Fernández as part of the Frente de Todos alliance.

However, this return has been fraught with internal conflicts and ineffective governance, exacerbated by the Covid-19 pandemic, the conflict in Ukraine, and a historic drought.

Current indicators, such as an inflation rate exceeding 108% and a poverty rate affecting 60% of children under 18, paint a bleak picture.

With mounting challenges and the recent sentencing of leader Cristina Fernández, the future of Kirchnerism appears uncertain.

Observers note the movement’s current state may represent a terminal crisis, highlighting the lack of viable successor figures and questioning the movement’s ability to adapt and evolve.

However, others believe that as a robust social movement, Kirchnerism’s influence in Argentina’s political arena will persist.

News Argentina, English news Argentina, Argentine politics

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