IBOV 168,481.49 ▲ 1.38% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.04% USD/MXN18.63▼ 0.68% USD/CLP977.00▼ 0.16% USD/COP3,235▲ 0.24% USD/PEN3.42▼ 0.64% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.48% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.59▲ 0.48% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.24% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.77% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.90% USD/TTD6.72▲ 2.39% EUR/BRL6.13▲ 0.05% BRENT 98.05 ▼ 0.24% WTI 90.45 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.29% GOLD 4,085 ▼ 0.70% SILVER 52.18 ▼ 0.11% SOY 1,192 ▲ 0.93% CORN 442.00 ▲ 0.45% WHEAT 593.75 ▼ 0.92% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 139.15 ▲ 8.33% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.05 ▼ 0.16% CATTLE 318.20 ▼ 2.11% LITHIUM 61.01 ▲ 1.37% PETR4 45.10 ▼ 1.85% VALE3 63.86 ▲ 1.90% ITUB4 40.74 ▲ 1.93% BBDC4 14.16 ▲ 2.83% ABEV3 15.55 ▲ 0.45% BBAS3 17.10 ▲ 3.70% B3SA3 14.40 ▲ 0.28% WEGE3 48.12 ▼ 0.37% PRIO3 60.60 ▼ 1.53% SUZB3 52.90 ▲ 1.17% RENT3 30.19 ▲ 3.85% AZZA3 15.02 ▲ 6.83% CSAN3 2.75 ▲ 10.00% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.88 ▲ 4.58% PSSA3 44.31 ▲ 1.37% CVCB3 0.84 ▲ 2.44% POSI3 3.10 ▼ 0.32% SLCE3 16.57 ▲ 1.35% NATU3 5.33 ▼ 0.37% BRKM5 3.19 ▲ 5.28% RANI3 8.45 ▼ 0.12% CSNA3 4.45 ▲ 9.88% IBOV 168,481.49 ▲ 1.38% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.03% USD/MXN 18.62 ▼ 0.70% USD/CLP 977.85 ▼ 0.08% USD/COP 3,235 ▲ 0.24% USD/PEN 3.42 ▼ 0.64% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.48% USD/PYG 6,358 ▲ 8.23% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.59 ▲ 0.48% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.24% USD/HNL 26.88 ▲ 3.25% USD/NIO 36.62 ▲ 2.77% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.90% USD/TTD 6.72 ▲ 2.39% EUR/BRL 6.13 ▲ 0.05% BRENT 98.05 ▼ 0.24% WTI 90.45 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.29% GOLD 4,085 ▼ 0.70% SILVER 52.18 ▼ 0.11% SOY 1,192 ▲ 0.93% CORN 442.00 ▲ 0.45% WHEAT 593.75 ▼ 0.92% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 139.15 ▲ 8.33% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.05 ▼ 0.16% CATTLE 318.20 ▼ 2.11% LITHIUM 61.01 ▲ 1.37% PETR4 45.10 ▼ 1.85% VALE3 63.86 ▲ 1.90% ITUB4 40.74 ▲ 1.93% BBDC4 14.16 ▲ 2.83% ABEV3 15.55 ▲ 0.45% BBAS3 17.10 ▲ 3.70% B3SA3 14.40 ▲ 0.28% WEGE3 48.12 ▼ 0.37% PRIO3 60.60 ▼ 1.53% SUZB3 52.90 ▲ 1.17% RENT3 30.19 ▲ 3.85% AZZA3 15.02 ▲ 6.83% CSAN3 2.75 ▲ 10.00% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.88 ▲ 4.58% PSSA3 44.31 ▲ 1.37% CVCB3 0.84 ▲ 2.44% POSI3 3.10 ▼ 0.32% SLCE3 16.57 ▲ 1.35% NATU3 5.33 ▼ 0.37% BRKM5 3.19 ▲ 5.28% RANI3 8.45 ▼ 0.12% CSNA3 4.45 ▲ 9.88%
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Friday, November 6, 2026

Latin America Argentina

Libertarian Wave Ebbs: Milei’s Party Stumbles in Key Argentine Province

By · April 14, 2025 · 2 min read

In a surprising turn of events, President Javier Milei’s La Libertad Avanza (LLA) party faced a significant setback in the Santa Fe provincial elections held on April 13, 2025.

The libertarian movement, which had previously enjoyed strong support in the region, finished third with only 14.11% of the votes. Governor Maximiliano Pullaro’s center-right coalition emerged victorious, securing 34.6% of the votes.

The coalition, comprising the Radical Civic Union, Republican Proposal, and socialists, dominated all 19 departments of the province. Peronist candidate Juan Monteverde claimed second place with 15.2% of the votes.

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This election marked the first electoral test for Milei’s government since taking office. The results reveal a stark contrast to the 62.8% support Milei received in Santa Fe during the 2023 presidential runoff.

The dramatic decline in LLA’s popularity raises questions about the sustainability of Milei’s political movement across Argentina. The Santa Fe election also determined the composition of the constitutional convention.

Libertarian Wave Ebbs: Milei's Party Stumbles in Key Argentine Province
Libertarian Wave Ebbs: Milei’s Party Stumbles in Key Argentine Province.
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Pullaro’s coalition is expected to secure 32 to 33 of the 50 convention seats. This outcome positions them to implement significant reforms, including allowing governors to run for consecutive terms.

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A Bold Anti-Corruption Stance Amid Economic Turbulence

Pullaro’s victory speech emphasized his commitment to combating corruption, ending parliamentary immunity, and imposing term limits. These promises resonate with voters seeking change in provincial governance.

The election took place against a backdrop of national economic challenges. Just days before the vote, the International Monetary Fund announced a new $20 billion loan to Argentina.

Simultaneously, Milei’s government ended exchange controls, allowing the peso to float more freely. Political analysts view the Santa Fe results as a crucial indicator for the upcoming 2025 legislative elections.

The outcome suggests that Milei’s libertarian government may face challenges in translating presidential popularity into local electoral success. The LLA’s performance in Santa Fe highlights the difficulties in building a sustainable political structure across Argentina.

It also underscores the importance of local alliances and grassroots support in provincial elections. As Argentina’s electoral calendar continues with upcoming votes in other provinces, all eyes will be on how Milei’s movement adapts to these early setbacks.

The results in Santa Fe may prompt a reevaluation of LLA’s strategy as it seeks to maintain its influence in Argentine politics.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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