Argentina's economy minister Martin Guzman announced his resignation following criticism from elements within the ruling coalitionArgentine economy minister Martin Guzman, who led debt renegotiations with the International Monetary Fund, announced his resignation Saturday, sparking fresh uncertainty in Latin America's third largest economy.
His resignation comes two weeks after Vice President Cristina Kirchner, a former president who has been a constant critic of the government, gave a speech attacking Fernandez's economic management. As economy minister, the 39-year-old Guzman was tasked with renegotiating a $44 billion debt with the IMF that Argentina insisted it could not afford to repay.
The IMF deal was only ratified by parliament thanks to support from the center-right opposition, as a group of legislators in the ruling coalition led by the vice president's son Maximo Kirchner boycotted the vote.Guzman said whoever replaces him will need"centralized management of the necessary macroeconomic political instruments to consolidate the progress made and face the challenges ahead.
Earlier this week, Fernandez admitted the country was facing"a growth crisis" due to a shortage of foreign exchange. He complained several times that these criticisms sent worrying signs to already jittery markets, making his job ever harder.
Source: Financial Digest (financialdigest.net)
I wish some of our minister could do the same......