section_path: History/Return to democracy
section_name: Return to democracy
paragraph_text: Return to democracy
  
  Raúl Alfonsín won the 1983 elections campaigning for the prosecution of those responsible for human rights violations during the Proceso: the Trial of the Juntas and other martial courts sentenced all the coup's leaders but, under military pressure, he also enacted the Full Stop and Due Obedience laws, which halted prosecutions further down the chain of command. The worsening economic crisis and hyperinflation reduced his popular support and the Peronist Carlos Menem won the 1989 election. Soon after, riots forced Alfonsín to an early resignation.
  
  Menem embraced and enacted neoliberal policies: a fixed exchange rate, business deregulation, privatizations, and the dismantling of protectionist barriers normalized the economy in the short term. He pardoned the officers who had been sentenced during Alfonsín's government. The 1994 Constitutional Amendment allowed Menem to be elected for a second term. With the economy beginning to decline in 1995, and with increasing unemployment and recession, the UCR, led by Fernando de la Rúa, returned to the presidency in the 1999 elections.
  
  De la Rúa left Menem's economic plan in effect despite the worsening crisis, which led to growing social discontent. Massive capital flight from the country was responded to with a freezing of bank accounts, generating further turmoil. The December 2001 riots forced him to resign. Congress appointed Eduardo Duhalde as acting president, who revoked the fixed exchange rate established by Menem, causing many working- and middle-class Argentines to lose a significant portion of their savings. By late 2002, the economic crisis began to recede, but the assassination of two piqueteros by the police caused political unrest, prompting Duhalde to move elections forward. Néstor Kirchner was elected as the new president. On 26 May 2003, he was sworn in.
  
  Boosting the neo-Keynesian economic policies laid by Duhalde, Kirchner ended the economic crisis attaining significant fiscal and trade surpluses, and rapid GDP growth. Under his administration, Argentina restructured its defaulted debt with an unprecedented discount of about 70% on most bonds, paid off debts with the International Monetary Fund, purged the military of officers with dubious human rights records, nullified and voided the Full Stop and Due Obedience laws, ruled them as unconstitutional, and resumed legal prosecution of the Junta's crimes. He did not run for reelection, promoting instead the candidacy of his wife, senator Cristina Fernández de Kirchner, who was elected in 2007 and reelected in 2011. Fernández de Kirchner's administration established positive foreign relations with countries such as Venezuela, Iran, and Cuba, while at the same time relations with the United States and the United Kingdom became increasingly strained. By 2015, the Argentine GDP grew by 2.7% and real incomes had risen over 50% since the post-Menem era. Despite these economic gains and increased renewable energy production and subsidies, the overall economy had been sluggish since 2011.
  
  On 22 November 2015, after a tie in the first round of presidential elections on 25 October, center-right coalition candidate Mauricio Macri won the first ballotage in Argentina's history, beating Front for Victory candidate Daniel Scioli and becoming president-elect. Macri was the first democratically elected non- peronist president since 1916 that managed to complete his term in office without being overthrown. He took office on 10 December 2015 and inherited an economy with a high inflation rate and in a poor shape. In April 2016, the Macri Government introduced neoliberal austerity measures intended to tackle inflation and overblown public deficits. Under Macri's administration, economic recovery remained elusive with GDP shrinking 3.4%, inflation totaling 240%, billions of US dollars issued in sovereign debt, and mass poverty increasing by the end of his term. He ran for re-election in 2019 but lost by nearly eight percentage points to Alberto Fernández, the Justicialist Party candidate.
  
  President Alberto Fernández and Vice President Cristina Fernández de Kirchner took office in December 2019, just months before the COVID-19 pandemic hit Argentina and among accusations of corruption, bribery and misuse of public funds during Nestor and Cristina Fernández de Kirchner's presidencies. On 14 November 2021, the center-left coalition of Argentina's ruling Peronist party, Frente de Todos (Front for Everyone), lost its majority in Congress, for the first time in almost 40 years, in midterm legislative elections. The election victory of the center-right coalition, Juntos por el Cambio (Together for Change) limited President Alberto Fernandez's power during his final two years in office. Losing control of the Senate made it difficult for him to make key appointments, including to the judiciary. It also forced him to negotiate with the opposition every initiative he sends to the legislature.
  
  In April 2023, President Alberto Fernandez announced that he will not seek re-election in the next presidential election. The 19 November 2023 election run-off vote ended in a win for libertarian outsider Javier Milei with close to 56% of the vote against 44% of the ruling coalition candidate Sergio Massa. On 10 December 2023, Javier Milei was sworn in as the new president of Argentina.