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Amado Boudou

Amado Boudou (born in 1963) is an Argentine businessman and government policy maker, currently the President's Minister of the Economy.

Boudou's appointment coincided with President Cristina Fernandez de Kirchner's controversial decision to transfer loss-plagued private pension funds' assets of nearly US$30 billion to the ANSeS, citing the cost of subsidizing 77% of the funds' beneficiaries and the effects of the international crisis on the government's ability to obtain financing. Clarin

Fallout from the international, 2008 financial crisis later forced the left-wing Argentine government of President Cristina Kirchner to seek domestic financing for growing public spending, as well as for foreign debt service obligations. These policies and ongoing capital flight put further pressure on the Central Bank's ability to finance debt service obligations, and the president ordered a US$6.7 billion account opened at the Central Bank for the latter purpose in December 2009, implying the use of the Central Bank's foreign exchange reserves, and drawing direct opposition from the institution's President, Martin Redrado. Following an impasse, Redrado was dismissed by President Kirchner on January 7, 2010, prior to which Boudou had announced that Mario Blejer (who had expressed support for the measure) would be appointed in his stead. Clarin (1/7/2010)

Related websites

La Nacion

Amado Boudou: curriculum vitae




Clarin (1/7/2010)

Minsterio de Economia y Finanzas Publicas

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Amado Boudou

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