Examining Argentina's New Foreign Policy Under Macri

Abstract

Argentina’s isolation from global financial markets appeared to be total and long-lasting. Now the country is on the verge of ending its isolation: the injunctions preventing it from borrowing on international markets are set to be lifted (provided the Argentine Congress approves the deal with the holdout creditors) and Buenos Aires is opening the door to foreign investment. This is the most high-profile example of the rapid transformation effected by President Mauricio Macri since he took office in December. The new president is clearly planning to make further significant changes to Argentina’s foreign policy and chart a new course for its relations with both its neighbours and the world’s major powers.