(Reuters) - First lady Cristina Fernandez de Kirchner will become Argentina’s first elected female president after taking victory in Sunday’s election.
A center-leftist senator, she is expected to continue the policies of her husband, President Nestor Kirchner, who has overseen an economic boom following a deep crisis in 2001-02. Here are some of her main policies:
SOCIAL PACT - Fernandez’s central policy proposal is a “social pact” between business, the government and unions. Analysts believe she will try to use the pact to tame inflation and spur investment by having companies accept smaller profit margins while unions would cap wage demands.
MONETARY POLICY - She is strongly against using monetary instruments to guide the economy, feeling that open market policies prescribed by multilateral lenders led to the economic crash in the late 1990s. Instead, she will appeal to banks to cut lending rates to spur investment and economic growth.
DEBT - She is expected to move quickly to restructure $6.3 billion in defaulted debt to the Paris Club group of wealthy creditor nations. To reach a deal, Argentina will probably have to reopen to holdouts its massive 2005 debt restructuring, and improve frosty relations with the International Monetary Fund.
TRADE - She is expected to keep the peso weak to help exporters and maintain a trade surplus. In international trade talks, she will fight for reduced agricultural subsidies in rich nations.
FOREIGN POLICY - Fernandez is close to Venezuela’s leftist President Hugo Chavez, a vocal critic of the United States, but is expected to maintain good relations with Washington.
GOVERNMENT SPENDING - Fernandez says she will aim for a primary budget surplus of 3.1 percent of gross domestic product, but Kirchner said his wife would be even more frugal than that by aiming for a surplus of 4 percent.
PRICE CONTROLS - She is expected to gradually roll back price controls on transport and utility rates.
HUMAN RIGHTS - Fernandez is expected to continue to promote trials of human rights abusers from Argentina’s 1976-1983 military regime.
DEMOCRACY - She has promised to strengthen Argentina’s weak democratic institutions: Congress, courts and regulatory agencies.
For more on Argentina's presidential election, click on www.reuters.com/news/globalcoverage/argentina