Titlebook: Exotix Developing Markets Guide; Debt and Risk across Exotix Capital Book 2019Latest edition The Editor(s) (if applicable) and The Author(s

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d parliament. The constitution provides for a balance of power across Argentina’s 23 provincial governorships plus the federal district of Buenos Aires and the legislature, with each province having its own devolved constitution. The constitution separates the powers of the executive, the legislatur

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nment, (confirmed by the National Assembly) and all cabinet positions. The constitution denotes that power is separated between the legislative, executive and judicial branch, though governance and power is consolidated by the president. The president is elected by an absolute majority in a two-roun

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,Die Ordnung ist das Natürliche,ive model is constitutionally based on the Republican model, the power of the president in Belarus is central within the government structure. Often referred to as Europe’s last dictator, president Lukashenko, who has won every presidential election since the country’s independence in 1991, has been

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ernment), appoint members of the government and submit legislation to government, where approval is often a given. The president is elected by popular vote for a five-year term, renewable once. A second round is required if an absolute majority is not achieved in the first round. A two-term limit fo

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first vice president is the de factor prime minister. Under the constitution, the National Assembly is responsible for law-making but, under the communist regime, is effectively directed by the executive. Appointments to the Council of Ministers are recommended by the Politburo, although the majorit

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Wirtschaftspolitik und Krisenpolitik,ar vote every four years in a two-round run-off system. To win in the first round, a candidate needs at least 40% of the vote and to gain a 10-point advantage over the closest rival. Presidential powers increased considerably after changes to the constitution were agreed in a referendum in September