(CNN Spanish) – After the unexpected resignation of Martin Guzman as Minister of Economy of Argentina, the government of President Alberto Fernandez ad This Sunday, Silvina Ida Patakis will be her replacement in the midst of the political and economic crisis that the country is going through.
Guzmán has been part of Fernández’s government since taking office, in December 2019, and was one of the senior ministers responsible for negotiating contracted debt with the Montario International Fund (IMF) in the previous administration (a deal closed in March 2022).
But Argentina’s economic problems, notably inflation and poverty, continued to pressure the Todos Front coalition government, in which President Fernandez and Vice President and former President Cristina Fernandez de Kirchner today represent an internal conflict. Electoral defeat of the ruling party in the 2021 midterm elections.
Silvina Patakis is the new Minister of Economy. (Talam photo).
Patakis, born in 1968 in Rio Grande, will take charge of the Economy Ministry after Guzmán’s resignation. But who exactly is the new minister?
government experience
He is expected to be sworn in on Monday in the new position, currently Patakis Provincial Secretary In the Argentine Ministry of the Interior, the boss From the Federal Trust Fund for Regional Infrastructure (FFFIR).
Between 2011 and 2015 she held the position of Minister of Economy –For the first time, a woman held this position For the Province of Buenos Aires during the term of Daniel Cioli, Minister of Productive Development today.
“Patakis has a view of the economy related to everyday life, with a great connection to the world of business and work,” Scioli told CNN reporters Marcelo Longobardi on Monday after learning of his arrival at the Economy Ministry. “She is a woman who is developmental and productive in her conception of the economy.”
according to whom Biography published by FFFIR, Patakis holds a degree in economics and a master’s degree in regional and municipal public finance from La Plata National University, and a master’s degree in environmental economics from York University. He also holds a postgraduate degree in Environment, Economics and Society from the Latin American School of Social Sciences (Flacso) and is pursuing a Ph.D. in Economic Development at Quilms National University.
He was awarded several scholarships in his career, including Chevening which was awarded by the UK government in 2001, according to herself LineHe has experience as a university professor.
What is the current economic situation in Argentina?
Patakis will take over the Ministry of Economy amid severe pressures from inflation, poverty and economic activity, and in the context of the agreement with the International Monetary Fund criticized by part of everyone’s front.
The Fernandez government had already taken power at the end of 2019 in the midst of an economic recession, and in 2020 it had to contend with the COVID-19 pandemic, restrictions, and its growing impact on the economy.
distance Economic recovery in 2021Argentina is now experiencing a strong acceleration in inflation, which was already high in the country compared to its neighbours, and diesel fuel shortages that sparked protests.
According to the National Institute of Statistics and Census (Indec), in May in Argentina registration Monthly inflation of 5.1%, which is an annual increase of 60.7%. It’s one of the worst performances on the continent, along with Venezuela.
National poverty meanwhile reaches 37.3% of the population, Also according to INDECup to 27.9% of households.
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