Argentina's Economy Minister Martin Guzman resigned Saturday after leading debt talks with the International Monetary Fund.
Guzman, who led
Argentina's debt restructuring deal with the International Monetary Fund and
creditors, posted a letter on his Twitter account announcing his decision.
"I write to you to present my resignation as economy
minister" Guzman said in a letter to President Alberto Fernandez.
The government is facing its lowest approval
rating since taking office in 2019. Inflation is running above 60% and the peso
currency is under growing pressure. Sovereign bonds have plummeted.
Miguel Kiguel, former secretary of finance in
Argentina, told Reuters that whoever takes over will have a tough time, noting
that inflation could hit 80% this year and there is a gap of nearly 100%
between official and parallel currency exchange rates.
Kiguel said."We don't know who's coming,
but it's going to be a very complicated time".
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