CONTEXT OF THE ARGENTINEAN ECONOMY

Mr. Lavagna - Argentine Finance Minister
Mr. Roberto Lavagna. Economy Minister
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 office again.

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.
  

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