IBOV 170,934.30 ▲ 1.79% IPSA 11,379.66 ▲ 1.26% IPC MEX 65,223.89 ▲ 1.36% MERVAL 2,904,791 ▲ 1.00% COLCAP 2,465.35 ▲ 0.86% BVL PERÚ 58,698.13 ▲ 2.27% USD/BRL5.14▼ 1.19% USD/MXN16.90▼ 0.31% USD/CLP914.73▼ 0.80% USD/COP3,036▼ 0.51% USD/PEN3.35▼ 0.11% USD/ARS1,499▲ 0.12% USD/UYU40.20▲ 1.58% USD/PYG5,996▲ 1.55% USD/BOB11.43▲ 0.41% USD/DOP58.82▲ 0.20% USD/CRC450.05▲ 3.34% USD/GTQ7.62▲ 2.21% USD/HNL26.81▲ 0.31% USD/NIO36.62▲ 0.29% USD/VES778.00▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.79% EUR/BRL6.00▼ 0.64% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 170,934.30 ▲ 1.79% IPSA 11,379.66 ▲ 1.26% IPC MEX 65,223.89 ▲ 1.36% MERVAL 2,904,791 ▲ 1.00% COLCAP 2,465.35 ▲ 0.86% BVL PERÚ 58,698.13 ▲ 2.27% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Latin America Argentina

The Menem Family’s Comeback in Javier Milei’s Argentina

By · August 4, 2025 · 2 min read

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Argentina’s political scene once again sees the Menem family, known for their dominant role under President Carlos Menem in the 1990s, at the center of power.

President Javier Milei, elected on promises to fight “the political caste,” now relies on these veteran operatives to run key parts of his government.

This marks a surprising return for the Menems, especially Martín Menem, now head of the Chamber of Deputies—a position confirmed by official legislative records.

Milei’s party, La Libertad Avanza, split between digital-age radicals and experienced political operators. Through internal party decisions, Martín Menem and Karina Milei—President Milei’s sister and closest confidante—secured control over candidate selection for upcoming major elections.

Official candidate filings and party records confirm this shift. Digital activists, who once drove Milei’s grassroots energy, found themselves pushed aside as the Menem network extended its influence.

The Menem Family’s Comeback in Javier Milei’s Argentina
The Menem Family’s Comeback in Javier Milei’s Argentina. (Photo Internet reproduction)
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Alongside this power play, public data shows Menem-linked businesses winning government contracts. Tech Security, a company owned by Martín Menem’s brothers, landed lucrative state deals, including one with Banco Nación.

Procurement records show the handover of company shares just before Martín took office. Government anti-corruption offices have acknowledged ongoing investigations and referred the matter to the courts.

Menem Ties Raise Doubts in Milei’s Argentina

In another case, HTECH Innovation SA, run by a known Menem associate, obtained a health contract from a major union fund. News of this prompted an official audit and the cancellation of the contract.

Public filings and government statements confirm both the deal and the subsequent investigation. These events deepen doubts among Argentines about whether the new administration’s pledge to break from old-style politics holds up under scrutiny.

President Milei’s economic reforms channel the Menem era’s strategy: cutting public jobs, selling state assets, and pushing free-market changes. Official government statistics show these moves attracting investors in sectors like mining and agriculture.

At the same time, job losses and poverty have risen, especially outside major cities. For international readers, this story is not simply about one family’s comeback. It highlights how powerful networks persist in Argentina, even when leaders promise radical change.

The Menems’ resurrection shows how old alliances and business connections can quickly re-shape a country’s direction, affecting everything from who gets hired to where money flows.

Every claim and figure referenced—political roles, business contracts, and economic effects—comes from official Argentine government records and court documents available as of August 2025.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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