Argentina’s ground-breaking return to the bond markets captured the headlines, but finance minister Alfonso Prat-Gay’s credibility and rapid reactions have played a vital role in its restored standing.
After Mauricio Macri took power in Argentina at the end of last year, finance minister Alfonso Prat-Gay scored a number of quick and important wins. He settled with the holdout bond investors, removed FX restrictions and started to tackle inflation. But now he faces his toughest challenge – tackling the fiscal deficit.
About the Finance Minister of the Year
Euromoney considers ministers whose key decisions had directly benefited both the performance and perception of their country’s economic and financial achievements over the previous 12 months. It also takes soundings from the world’s leading bankers, which we seek out in background meetings; and the analysis of the contributors to Euromoney Country Risk (ECR), which has more than 400 economists around the world contributing on a regular basis, as well as data sourced and compiled by ECR.