Political leader Sergio Massa resigned as Speaker of the House of Representatives this Tuesday (2) to take on the position of Minister of Economy, a strategic role in times of financial turmoil in Argentina.
The session met at 14:00 local time (same time in Brasília), and in the same action, the ruling Frente de Todos group will propose the Presidency of the Assembly to Congressman Cecilia Moreau close to Massa. If approved, she will be the first woman in the country to hold the post.
“Tuesday is about my resignation as HCDN President and National MP. I’m taking this step with conviction and determination, without doubt or speculation. I will devote all my energies to solving problems, realizing that it is the best service. I can devote to the country,” Massa wrote on Twitter last Sunday. in.
This 50-year-old lawyer and talented negotiator was appointed by President Alberto Fernández as the new Minister of Economy last Thursday, replacing Martín Guzmán, who has been held by Silvina Batakis since July 4, whose startling resignation has triggered a currency move and provoked inflation. in the country in July, which has already accumulated 36.2% in the first half of the year.
To further coordinate economic policy, the new appointment will be joined by the Ministries of Economy, Productivity Development and Agriculture, Livestock and Fisheries.
After taking office as minister Wednesday, Massa is expected to announce measures with two priorities in mind: controlling inflation and restoring the central bank’s damaged reserves.
The new minister will travel to the US, France and Qatar this month to meet with the International Monetary Fund, the Paris Club and investors.
Batakis, the new head of the state-owned Banco Nación, was invited to tour. In just three weeks at the start of the economy, she met with IMF director Kristalina Georgieva in Washington, confirming that Argentina will maintain the agreed-upon economic targets.
Under the agreement renegotiated with the IMF at $44.5 billion this year, Argentina’s fiscal deficit will increase from 3% of the Gross Domestic Product recorded in 2021 to 2.5% in 2022 and 1.9% in 2023. and commits to reduce it to 0.9% in 2024.
The president said on Monday that Massa’s arrival at the strategic ministry, which also had the open support of vice-president Cristina Kirchner, ushered in a “different phase” of Peronist government.
“It’s no small feat that Frente De Todos found a way to work together. It’s very valuable,” said Fernández.
source: Noticias
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