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-News for Fri. 26 April & Sat. 27
April 2002 Argentina Swears in 6th Economy Minister VOA News 27 Apr 2002 16:53 UTC  
At a ceremony Saturday, in Buenos Aires, trade expert and former ambassador to the European Union Roberto Lavagna formally took up his new post. News reports quote Mr. Lavagna as saying he is organizing his own economic team - which indicates that major economic announcements may come next week. The new economy minister is known as an advocate of strong trade and economic ties with the international community. One of his most pressing tasks is to help the economy recover from a four-year recession that has left Argentina with a $141 billion public debt. He takes office amid growing public discontent over the government's handling of the economy - which has led to widespread protests and a run on banks by nervous depositors who fear the peso's volatility could devastate their savings. On Friday, banks opened for limited services following a four-day government-imposed bank holiday aimed at preventing a massive flight of capital out of the country. Some information for this report provided by AP and AFP.
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