Libertarian Javier Milei was elected as new president of Argentina on Sunday, winning 56% versus 44% for his rival, Peronist Economy Minister Sergio Massa, who conceded defeat, Reuters reported. Massa in a speech said he had congratulated Milei and said the libertarian now needed to show his readiness to rule. "From tomorrow the responsibility of providing certainty belongs to Milei," he said. Milei has pledged economic “shock therapy” for Argentina, and his plans include shutting the central bank, ditching the peso, and slashing spending. He has been compared in the past to former US President Donald Trump due to his style and his views. Trump on Sunday congratulated Milei and said he would make Argentina great again. Milei is also known for his support for Israel . This past August, he indicated that should he win the presidency, he intends to relocate the Argentinian embassy from Tel Aviv to Jerusalem. He also said that he would make his first foreign trip as president to Israel, where he said he would “delve deeper into his studies of the Torah, Talmud, and other Jewish scriptures.”