Argentina’s Economy Minister Sergio Massa conceded defeat to populist Javier Milei in Sunday’s fiercely polarized presidential runoff even before the country’s electoral authority released official results.
Massa congratulated his opponent, a right-wing economist who has promised a dramatic shake-up for many of the nation’s institutions and welcomed frequent comparisons of him to former U.S. President Donald Trump.
Immediately after Massa’s concession speech, the Argentine electoral authority released partial results: With 86.6% of votes tallied, Milei had 55.95% and Massa 44.04%.