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SALESMAN Miguel Kiguel

Jul 1, 2003

It once seemed that Argentina was firmly set on a path of growth and stability. During the bull market of the late 1990s, when investors believed that Argentina was a safe bet, it was Miguel Kiguel's job as finance secretary to sell government bonds around the world. It was a job he performed with great skill, issuing billions of dollars in debt. He recalls those years with "nostalgia" since it seemed that "Argentina really had a possibility to move up. In 1997, the view was that Argentina would be investment grade by 2000, not a country in default. Argentina...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

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