Regional News • Americas • South America
2021-02-15T08:00:02+00:00

Former Argentine President Carlos Menem died on Sunday

Carlos Menem, 90 years old, has died after battling long-term health problems.

Menem took office in July 1989 and promoted laws to reform the government and the economy after his predecessor, Raúl Alfonsín, resigned in the middle of a deep financial crisis caused by hyperinflation. Menem privatized some companies that had been under state authority until that point and was able to get inflation under control.

Menem left office in 1999 after unsuccessfully trying to modify the constitution to run for a third term. He ran again for the presidency in 2003, obtaining the highest percentage of votes during the first round of elections, but ultimately decided against advancing to the second round.

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