Inauguration Macri announced his cabinet on 25 November 2015, about two weeks before he was due to take office. The
presidential transition was difficult. Macri and Kirchner met briefly; she provided no help to the new administration, and spoke only about the inauguration ceremony. They disagreed about its location; Kirchner wanted it to take place at the
Palace of the Argentine National Congress, and Macri favoured the White Hall of the
Casa Rosada. Plans for violence against Macri supporters near the Plaza during the inauguration were rumoured, and it was unclear who would control the police during the ceremony. Judge
María Servini de Cubría ruled that Kirchner's term of office ended at midnight on the morning of 10 December, and provisional
Senate president
Federico Pinedo was in charge of the executive branch for the 12 hours between the end of Kirchner's term and Macri's swearing-in. Kirchner left Buenos Aires that day to attend the inauguration of sister-in-law
Alicia Kirchner as governor of
Santa Cruz Province. Macri took office on 10 December. He took the oath of office at the
National Congress of Argentina after Vice President
Gabriela Michetti. Macri delivered a 27-minute speech pledging "support for an independent judiciary, to fight corruption and drug trafficking, the internal union of Argentina, universal social protection, a 21st-century style of education and for everyone to have a roof, water and sewer" and greeted his electoral rivals. He later went to the Casa Rosada and received the presidential sash in the White Hall from Senate President Federico Pinedo, accompanied by Michetti, Chamber of Deputies President Emilio Monzó and Supreme Court President
Ricardo Lorenzetti. Minutes later, Macri went to the balcony and told the crowd in the
Plaza de Mayo that "Argentines deserve to live better, and we are about to start a wonderful period for our country. I promise to always tell the truth and show where our problems are". He called on "all Argentines to follow [his] administration and alert them when [the government] makes mistakes". After his swearing-in, Macri hosted a reception at the
Ministry of Foreign Affairs'
San Martín Palace for heads of state
Michelle Bachelet (
Chile),
Horacio Cartes (
Paraguay),
Juan Manuel Santos (
Colombia),
Rafael Correa (
Ecuador),
Evo Morales (
Bolivia),
Dilma Rousseff (
Brazil) and
King Juan Carlos I of
Spain, and representatives of other countries who attended his inauguration.
Economic policy , January 2018. Macri began his presidency with economic difficulties carried over from previous governments. The
Central Bank of Argentina's
reserves were depleted; inflation was over 30 percent, although the widely discredited
National Institute of Statistics and Census of Argentina (INDEC) provided a lower figure. The country had the highest tax rates in its history, but the
government budget balance had an eight-percent deficit. There had been a
sovereign default since 2001, and a conflict existed with
hedge funds; tight
currency controls had been in place since 2011. Since Argentina is a
developing country, a global drop in commodity prices reduced trade revenue. One of Macri's first economic policies was the removal of currency controls, allowing Argentines to freely buy and sell foreign currencies. Argentina has had a
floating exchange rate since then, with intervention from the Central Bank, and the
Argentine peso was
devalued by 30 percent. Another early policy was the removal of
export quotas and
tariffs on corn and wheat.
Tariffs on
soybeans, the most lucrative Argentine export, were reduced from 35 to 30 percent. in Davos, in 2016. It was the return of the country to the conference after 11 years of absence. Macri wanted to negotiate with holdouts and end the default to return to the international capital markets and strengthen the national economy. Argentina offered to pay $6.5 billion to settle lawsuits on 5 February 2016, requesting that the prior ruling on its payments be lifted. This polarization was unrelated to the political polarization of the country, and the legislators of both Cambiemos and the
Justicialist Party (PJ) were divided on the vote. The bill was approved by the Chamber of Deputies in June, but opposition became more organized after its approval and the Senate rejected the bill, by 38 to 31 votes. In December 2017, police officer
Luis Chocobar killed a fleeing man who had stabbed an American tourist in
La Boca,
Buenos Aires. Macri hosted him in early 2018 and hailed him as a hero. His administration would later enact the "Chocobar doctrine", broadening the rights of police officer to exercise lethal force when responding to criminal cases.
Foreign relations and their respective first ladies, at the
White House in the United States During Macri's presidency, Argentina's foreign relations shifted substantially from those under Kirchner. He immediately proposed action against
Nicolás Maduro in Venezuela for human-rights abuses and to remove that country from
Mercosur. This shift was part of a change in the Latin American
pink tide. The other countries in the bloc also opposed Maduro's socialist government, and prevented Venezuela from taking the
pro tempore presidency of Mercosur. The bloc sought a trade and cooperation agreement with the
European Union and closer ties with the
Pacific Alliance. Macri agreed with Brazilian president
Michel Temer to guarantee
free trade between their countries. Macri and Temer increased their interest in better trade relations with Mexico, the second-largest economy in Latin America, after
Mexican-American relations started to turn sour under the Trump administration. Argentina and Venezuela had troubled relations at the time. The
2017 Venezuelan Constituent Assembly election was considered illegal by Argentina, which does not acknowledge the
legislative body established by it. Macri also removed the
Order of the Liberator General San Martín award from Maduro. Argentina signed the Declaration of Lima, which established the
Lima Group, a supranational body of countries that consider Venezuela to be under a dictatorship and want to restore its democracy. Maduro was re-elected in the
2018 Venezuelan presidential election and took office for a new term on 10 January 2019. This started the
2019 Venezuelan presidential crisis, as many countries believed that Maduro had committed electoral fraud. Argentina and Brazil, under the newly elected
Jair Bolsonaro, refused to acknowledge Maduro as a legitimate ruler. They instead acknowledged
Juan Guaidó, who was appointed president of Venezuela by the
National Assembly. Furthermore, during the
Venezuelan uprising attempt of April 2019, Macri supported anti-Maduro military forces and reiterated his position of recognizing Guaidó as legitimate President of Venezuela. during the
2017 G20 Summit in
Hamburg Macri also shifted Argentina's relations with the United States. During a visit in 2016, president
Barack Obama praised him: "I'm impressed because he has moved rapidly on so many of the reforms that he promised, to create more sustainable and inclusive economic growth, to reconnect Argentina with the global economy and the world community". Obama announced that the US would declassify its military and intelligence records of the 1970s
Dirty War. Foreign Minister
Susana Malcorra supported
Democrat Hillary Clinton in the
2016 US presidential election, which was won by
Republican Donald Trump. Macri tried to remain in good terms with the US after the Trump was elected president. In 2019, Trump declassified more than 5,600 US documents about the Dirty War. Macri maintained the Argentine claim in the
Falkland Islands sovereignty dispute. However, he took a less-confrontational stance towards the United Kingdom and allowed more flights between Argentina and the islands. Relations between Argentina and the UK improved greatly, but both Argentine and the United Kingdom maintain their respective claim on the islands. as
president of Venezuela during the
2019 Venezuelan presidential crisis. Macri changed Argentina's position on
conflicts in the Middle East. During Macri's first week in office, he voided the
memorandum of understanding between Argentina and Iran, which would have established a joint investigation of the 1994
AMIA bombing, a terrorist attack on a Jewish organization for which Argentina had blamed
Hezbollah and Iran. The memorandum had been ruled unconstitutional by the judiciary, a ruling which was appealed during Kirchner's presidency. Macri withdrew the appeal, upholding the original ruling. He distanced himself from Iran and encouraged continued investigations of the AMIA bombing and the
death of Alberto Nisman, a prosecutor investigating the case. Those cases and Nisman's probe into Cristina Kirchner involvement with Iran have special importance for
Argentina–Israel relations, and ambassador Carlos Faustino García and Israeli diplomat Modi Efraim praised Macri for encouraging the investigations. Macri further improved relations with Israel and in September 2017, Prime Minister
Benjamin Netanyahu became the first Israeli Prime Minister to ever visit Argentina. In July 2016, it was announced that Argentina would grant asylum to 3,000
refugees of the Syrian Civil War. In July 2019, Macri designated
Hezbollah as a terrorist organization in relation to the Israeli embassy bombing, and especially related to the AMIA bombing.
Midterm elections The
2017 Argentine legislative election renewed a third of the seats in the Senate and half in the chamber of deputies. The election was considered a referendum on the presidency of Macri up to that point. Kirchner, leader of the opposition, ran for senator for the populous Buenos Aires province. She left the PJ to avoid the primary elections and created a new party,
Citizen's Unity.
Esteban Bullrich, minister of education, was the candidate of Cambiemos in the district. Kirchner and Bullrich had a close tie in the primary election, and Kirchner prevailed by just 0.21 percent of the vote. The electoral campaign, however, was largely ignored, as the media was focused on the ongoing controversy over the disappearance of Santiago Maldonado (
see below). Kirchner used the case in her political campaign, stating that Maldonado was the victim of a
forced disappearance, similar to those of the Dirty War. Maldonado
was found dead a few days before the general elections, and the circumstances and autopsy refuted Kirchner's theory. Cambiemos won in thirteen of the twenty-three provinces of Argentina, and in the five most-populated districts. ==Controversies==