Argentine Economy Minister resigns

Argentine President Alberto Fernández with Economy Minister Martín Guzmán, who resigned this Saturday.
Argentine President Alberto Fernández with Economy Minister Martín Guzmán, who resigned this Saturday.| Photo: Juan Ignacio Roncoroni/EFE

Argentina’s Economy Minister Martín Guzmán resigned this Saturday (2). In a seven-page letter addressed to President Alberto Fernández and published on a social network, the economist communicated the decision, but did not mention the reason for his departure.

In the statement, he praised the government’s achievements since December 2019, including the renegotiation of Argentina’s debt with the International Monetary Fund, approved in March 2022.

The publication of the letter took place at a time when vice president Cristina Kirchner was making a speech in which she criticized the minister and the president’s economic path. She and Guzmán had clashed on other occasions.

The Argentine economy has been taking a hit over the last few years. Inflation accumulated 29.3% between January and May 2022, and was 60.7% for the period between May 2021 and May 2022, one of the highest in the world.

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