Menem (Akil), Carlos (Saul)

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Argentine politician, president 1989–99; leader of the populist Perónist Partido Justicialista (PJ; Justicialist Party). Although gaining electoral support from the poor, he introduced sweeping privatization and cuts in public spending to address Argentina's economic crisis of hyperinflation and recession. He pardoned leaders of Argentina's period of military rule (1976–83) who had been imprisoned under his predecessor Raúl Alfonsín for their violation of human rights. He contested for the presidency again in 2003, but withdrew from the run-off race as polls showed he was heading for defeat.

During his presidency Menem improved relations with the UK, which had deteriorated with the Falklands War of 1992, and helped form South America's Mercosur customs union. This stimulated the free market, but unemployment was high. Menem had the constitution changed to allow him to contest and win the 1995 presidential elections for a second and final four-year term. He declared a state of economic emergency in November 1995, giving him powers to raise taxes, privatize and cut waste, and his economic reforms were supported by IMF financial credits. A two-term limit prevented Menem from standing in the 1999 elections and the Peronist candidate, Eduardo Duhalde, was defeated by Fernando de la Rua. In June 2001, Menem was arrested over an arms export scandal dating back to 1991 and 1996, but the allegations were not proved. He gained most votes in the first round of the presidential elections in April 2003, but fell short of an overall majority and pulled out of the run-off round as he faced almost certain defeat a the hands of his rival, Néstor Kirchner. In June 2004 he formed his own People's Peronism faction within the Justicialist Party.

Green stands for the country's natural resources. White represents peace, justice, and unity. Blue recalls the sea and the capital Freetown's natural harbour. Effective date: 27 April 1961. >>