Peronist Néstor Kirchner, the former governor of Santa Cruz, became Argentina's president in May 2003, after former president Carlos Menem abandoned the race. Kirchner vowed to aggressively reform the courts, police, and armed services and to prosecute perpetrators of the dirty war.

Argentina's economy has been rebounding since its near collapse in 2001, with an impressive growth rate of about 8% since Kirchner took office. In March 2005, Kirchner announced that the country's debt had been successfully restructured. In Jan. 2006, Argentina paid off its remaining multi-million IMF debt early, a dramatic move that not all economists thought was beneficial.

In Dec. 1999, Fernando de la Rua became president. Despite the introduction of several tough economic austerity plans, by 2001 the recession had slid into its third year. The IMF gave Argentina $13.7 billion in emergency aid in Jan. 2001 and $8 billion in Aug. 2001.

The international help was not enough, however, and by the end of 2001, Argentina was on the verge of economic collapse. Rioters protesting government austerity measures forced De la Rua to resign in Dec. 2001. Argentina then defaulted on its $155 billion foreign debt payments, the largest such default in history.

The military began the "dirty war" to restore order and eradicate its opponents. The Argentine Commission for Human Rights, in Geneva, has charged the junta with 2,300 political murders, over 10,000 political arrests, and the disappearance of 20,000 to 30,000 people. The economy remained in chaos. In March 1981, Videla was deposed by Field Marshal Roberto Viola, who in turn was succeeded by Lt. Gen. Leopoldo Galtieri.

On April 2, 1982, Galtieri invaded the British-held Falkland Islands, known as Las Islas Malvinas in Spanish, in what was seen as an attempt to increase his popularity. Great Britain, however, won a decisive victory, and Galtieri resigned in disgrace three days after Argentina's surrender. Maj. Gen. Reynaldo Bignone took over June 14, amid increasing pro-democratic public sentiment. As the 1983 elections approached, inflation hit 900% and Argentina's crippling foreign debt reached unprecedented levels.

Geography

Second in South America only to Brazil in size and population, Argentina is a plain, rising from the Atlantic to the Chilean border and the towering Andes peaks. Aconcagua (22,834 ft, 6,960 m) is the highest peak in the world outside Asia. Argentina is also bordered by Bolivia and Paraguay on the north, and by Uruguay and Brazil on the east.

The northern area is the swampy and partly wooded Gran Chaco, bordering Bolivia and Paraguay. South of that are the rolling, fertile Pampas, which are rich in agriculture and sheep- and cattle-grazing and support most of the population. Further south is Patagonia, a region of cool, arid steppes with some wooded and fertile sections.