Argentina: Minister of Economy and architect of the agreement with the IMF Martin Guzmán resigns

Argentine Economy Minister Martin Guzmán, during meetings with the International Monetary Fund (IMF) in Washington on April 21, 2022. AP - Jose Luis Magana

Text by: RFI Follow

1 min

Argentine Economy Minister Martín Guzmán presented his resignation to President Alberto Fernandez on Saturday July 2.

Main craftsman of the agreement with the International Monetary Fund (IMF) on the new financing of the Argentine debt, the 39-year-old man was regularly questioned by the left wing of the government coalition, which appears more divided than ever. after this surprise resignation.

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With our correspondent in Buenos Aires,

This is a surprise announcement, which risks further weakening the economic recovery in Argentina: after two and a half years at the head of the Ministry of the Economy, Martín Guzmán submitted his resignation on Saturday.

Right arm of center-left president Alberto Fernandez, this disciple of Nobel Prize in economics Joseph Stiglitz had led negotiations with the IMF on the refinancing of Argentina's debt of 45 billion dollars.

The

had earned him criticism from the left wing of the government coalition, embodied by Vice-President Cristina Kirchner.

His resignation comes as the ruling coalition has been openly torn for several weeks over the response to be given to

in Argentina.

Because the country is marked by an inflation of 60% and a poverty rate of 37%.

In a long letter published on his Twitter account, Martín Guzmán defends his record at the head of the Ministry of the Economy, and considers that it is "

" that his replacement can " 

.

pic.twitter.com/OfVClxWv4i

— Martin Guzman (@Martin_M_Guzman) July 2, 2022

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• Argentina

• Economic crisis

• Cristina Kirchner

• Alberto Fernández