Javier Milei seeks to win back disenchanted voters

Argentina's libertarian President Javier Milei faces crucial legislative elections tomorrow to determine whether he will be able to continue an economic overhaul of the country that has been backed by the US and encouraged investors.

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The poll comes at a vulnerable moment for Mr Milei, who is up against the leftist Peronist opposition that has long dominated Argentine politics. Several corruption scandals, a decline in popularity driven by voters frustrated with sweeping austerity measures and an important loss in a local Buenos Aires election have caused Argentina's markets to plunge and the peso currency to hit a historic low.

It's yet to be seen how a recent show of support from US President Donald Trump may affect the vote. Argentina’s central bank recently signed a US$20 billion (655.3 billion baht) exchange-rate stabilisation agreement with the US Treasury Department and a possible $20 billion facility backed by US banks may also be on the way.