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April 2010

Argentina: Inflation hits Marcó del Pont

by Chloe Hayward

New governor awaits senate approval; Government determined to settle with bond holdouts


 

Mercedes Marcó del Pont has already approved the transfer of $6.4 billion of central bank reserves

Mercedes Marcó del Pont appears secure as Argentina’s new central bank governor even though she has yet to gain senate approval. The senate is expected to vote on whether she should retain the post early this month.

The senate had been scheduled to hold a debate on March 17 but opposition members, who realized they would lose their struggle to overthrow the new central governor, did not show up, rendering the session void. As key opposition members, such as senator Roxana Latorre, start to move to support Marcó del Pont it looks as if the senate...


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