BUENOS AIRES, June 4 — Argentina appointed economist Silvina Batakis as its new economy minister yesterday after Martin Guzman, the architect of a debt restructuring deal with the IMF, unexpectedly resigned.
The centre-left leader had held consultations alSunday to find a replacement for Guzman, who was tasked with renegotiating a US$44 billion debt with the International Monetary Fund that Argentina insisted it could not afford to repay. Guzman was praised for having stopped Argentina, Latin America’s third-largest economy, from defaulting with the deal finalised in March.
Batakis’ appointment appears to be a signal of growing power of Kirchner’s faction in the centre-left coalition.
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