Since the government's stabilization program began to take hold in the 1990s
after implementation of the Convertibility Law. Argentina had exhibited
a major improvement in its operations and prospects. One important test
for the government's perceived level of stability was the smoothness in
transition by the Finance Minister in July, 1996, when Domingo Cavallo
resigned and Roque Fernandez took his place. Cavallo was one of the architects
of the administration's major reforms and some observers had worried that
it would be difficult for such policies to continue after his move. Thus
far, Fernandez has not wavered in the continuation of these policies.
With this stability, interference and turnover in the
government have fallen, and private investment has grown. The privatization
of state enterprises has attracted outside investment while resulting in
more efficient operations. Construction and industrial production are among
the strongest sectors, and a new focus on high-value-added products for
export markets is a particularly welcome trend.
In December 10th, 1999 Mr. De la Rua, the elected president, took office
and Luis Machinea took office as
economy minister anounced the he would continue with the same economic program
(Convertivility Plan) trying to guarantee stability
and improvements in the Argentine Economy but after some months he resigned and former
Economy Minister Domingo Cavallo took
After 9 monthe in office Mr. Domingo Cavallo had to resign as he did not succeed try to resolv the economy and social crisis of the country.
The Minister of economy Remes Lenicov started his work in January 2002 with a totally different scenario for the country´s economy as ending the convertibility plan,
entering in default and
a big social crisis.
Mr. Roberto Lavagna took office as the Argentinean economy minister during Mr. Duhalde presidential period. He was requested to continue after Mr. Kirschner won the presidential
elections in 2003. Their main task was to renegociate the foreign debt.