Argentine President Alberto Fernandez held meetings and telephone calls on Sunday as he scrambled to find a new economy minister, official sources said, after the abrupt exit of ally Martin Guzman
By early Sunday afternoon there was still no sign of a successor. “No news,” a government spokesperson told Reuters.
Fernandez has yet to publicly address the resignation of Guzman, a moderate who had served as economy minister since the president took office in late 2019. Guzman was the driving force behind major debt restructurings with local and international creditors, and was key to sealing a new $44 billion deal with the International Monetary Fund this year to replace a failed 2018 program.
Goldman Sachs analyst Alberto Ramos said the departure of Guzman was a political blow to Fernandez, already facing slumping support in opinion polls ahead of elections next year, and may compromise the relationship with the IMF. Guzman had come under fire from the militant wing of the ruling coalition around powerful Vice President Cristina Fernandez de Kirchner, which has been pushing for more state spending to support hard-hit Argentines.
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