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, Nacho Girón and Hugo Manu Co
Buenos Aires –Former Argentine President Carlos Menem died on Sunday, his daughter, Zulema Menem, has confirmed to CNN. He was 90 years old.
Menem took office in July 1989 and promoted laws to reform the government and the economy after his predecessor, Raúl Alfonsín, resigned in the middle of a deep financial crisis caused by hyperinflation. Menem privatized some companies that had until that point been under state authority and was able to get inflation under control.
Menem left office in 1999 after unsuccessfully trying to modify the constitution to run for a third term. He ran again for the presidency in 2003, obtaining the highest percentage of votes during the first round of elections, but ultimately decided against advancing to the second round.
Argentine ex-President Carlos Menem dies at 90
Serving two terms as president from 1989 to 1999, Menem brought some economic stability but was criticized for his often flamboyant lifestyle.
Carlos Menem brought economic stability to Argentina but at a price
Former President Carlos Menem has died at 90 after several weeks of poor health, Argentine media reported on Sunday.
His death was confirmed by current President Alberto Fernandez.
Menem, who served two terms as president between 1989 and 1999, was serving as a senator at the time of his death.
Free-market model
Born in 1930 to Syrian immigrants, Menem, who was a lawyer, became the governor of northwestern La Rioja Province in 1973 as leader of the local branch of the Peronist Party. He went on to serve two further terms.