Result falls short of giving Milei a congressional majority but surprises many analysts after series of scandals

The party of Argentina’s far-right president, Javier Milei, has won Sunday’s midterm elections after a campaign in which Donald Trump announced a $40bn bailout for the country and made continued aid conditional on the victory of his Argentinian counterpart.

With more than 95% of ballots counted, La Libertad Avanza secured 40.84% of the nationwide vote, in an election widely seen as a de facto referendum on the self-styled anarcho-capitalist’s nearly two years in power. The Peronist opposition, Fuerza Patria, secured 31.67%.

While the result falls short of giving Milei a congressional majority – which remains with the Peronists – it has surprised Argentinian analysts, given the recent blows to the libertarian’s popularity from corruption allegations involving his sister to the current economic crisis.