Cavallo Leads the Charge
Argentina's political and financial crisis reached a new peak in March when President Fernando de la Rúa twice replaced his economy minister in an effort to restore market confidence and political stability. The most recent cabinet shift occurred during the Inter-American Development Bank's annual meeting in Santiago when de la Rúa tapped market veteran Domingo Cavallo to replace Ricardo López Murphy as economy minister. Cavallo, a Harvard-trained economist, gained fame during former President Carlos Menem's administration by stabilizing Argentin
Take a free two-week trial now for the latest news, data and market analysis.