Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri’s market-oriented policies. But there’s no guarantee he’ll be around to take credit.
Argentina’s economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as he heads toward a presidential election in October where he could face his predecessor, Cristina Fernandez de Kirchner, a populist who may peel back many of the policies Macri has undertaken.