Argentina's President Milei Suffers Defeat in Key Province Election
Argentina's President Javier Milei faces defeat in Buenos Aires election, posing questions about the future of his free-market economic program.
Buenos Aires is not an organization but the capital and largest city of Argentina, officially known as the Autonomous City of Buenos Aires (Ciudad Autónoma de Buenos Aires, or CABA). As a global hub, it plays a pivotal role in business, technology, and culture in Latin America. Located on the southwest of the Río de la Plata, Buenos Aires is classified as an Alpha− global city, reflecting its significant economic and cultural influence. Historically, Buenos Aires was founded in 1536 by Spanish explorer Pedro de Mendoza and later became the capital of the Viceroyalty of the Río de la Plata in 1776. Over the centuries, it evolved from a modest colonial port into a thriving metropolis, shaped by waves of immigration and a dynamic blend of European and Latin American traditions. Today, the city is home to nearly 13 million people and is renowned for its cosmopolitan atmosphere, vibrant neighborhoods, and rich cultural life. Buenos Aires is a center for innovation and entrepreneurship, hosting a growing tech sector, numerous startups, and international business conferences. The city government, led by the Chief of Police and a network of 56 police stations, ensures public safety and social coexistence through the Buenos Aires City Police, which was established in 2017. The city also boasts a robust cultural scene, with over 100 cinemas, 60 theaters, and 700 art galleries, making it a magnet for creative industries and tourism. Notable achievements include hosting the 1978 United Nations Conference on Technical Cooperation among Developing Countries, which resulted in the Buenos Aires Plan of Action—a landmark initiative promoting technical cooperation among developing nations. The city continues to be a leader in urban development, sustainability, and digital transformation, making it a key player in the global business and technology landscape.
Argentina's President Javier Milei faces defeat in Buenos Aires election, posing questions about the future of his free-market economic program.