June 1, 2001
Domingo Cavallo, Argentina's economy minister, isn't a man to shy away from confrontation. In recent months he has attacked Wall Street financiers for suggesting that Argentina default on its $128 billion debt, ridiculed critics of his decision to modify the country's 10-year old currency board and lambasted anyone who doubted that Argentina's economy could soon recover and even hit 5% growth by the end of this year.
If will power alone were enough to solve a country's problems, Cavallo would have single-handedly sorted Argentina out within weeks of his appointment by President Fernando de la Rúa in March. Instead, the Argentine economy continues to stagnate .
By May, it l
The principal Latin sovereigns are issuing less debt and using greater finesse to manage their yield curves. Can Argentina match the groing talent of Brazil and Mexico?