Argentina: What to Expect After the Run-Off Election

Argentina is preparing to choose a new president, and the Kirchner-Fernandez clan's 12-year rule is coming to an end. Argentines will head to the polls Nov. 22 in a vote that will pit the ruling Front for Victory's Daniel Scioli against the more conservative Cambiemos coalition's Mauricio Macri. Results from the first voting round, which was held Oct. 25, showed Scioli holding a three-point lead in the race.

Regardless of who wins, though, the next administration will bring with it some important economic and political changes. The new president will face the challenging tasks of reducing Argentina's subsidy burden, encouraging foreign direct investment and negotiating renewed access to foreign credit markets. He will also face a sharply divided lower house of Congress, where intense political battles will be commonplace as Argentine parties vie for the votes they need to pass or block legislation.