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Argentine President Alberto Fernandez says will not stand for re-election

Fernandez defended his record over the last three years, pointing to challenges he faced, such as the Covid-19 pandemic, the impact of the war in Ukraine and massive public debt.

Argentine President Alberto Fernandez has announced that he will not stand for reelection in October's vote -- a surprise move that deepened uncertainty in the crisis-wracked country.

His centre-left Frente de Todos (Everyone's Front) coalition has yet to put forward a candidate for August's primaries, with Fernandez declaring in the video announcement on Friday that it needs to generate a new cycle of leaders.

"Next December 10, 2023, is the exact day on which we will mark 40 years of democracy. On this day I will hand over the presidential sash to whomever has been legitimately elected by popular vote at the polls," Fernandez said in the clip.

Vice President Cristina Kirchner, who was Argentina's leader from 2007-15, said at the end of last year that she would not stand in the primaries. Read More..

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