
12/07/2022
Argentine President Alberto Fernández appointed a little-known public servant as economy minister as his administration was facing soaring inflation and a weakening currency, which risk leading to social unrest.
Silvina Batakis, an economist aligned with the ruling Peronist coalition’s far-left faction, took over the government’s top economic post Monday, two days after the surprise resignation of Martín Guzmán, a moderate aligned with the president.
In past interviews and messages on her Twitter account, Ms. Batakis has spoken of the importance of a robust state while lambasting the International Monetary Fund, a frequent punching bag for Peronist leaders on its role in Argentina. In a message on Twitter from 2019 on poverty, the former economy minister for Buenos Aires province said, “You combat it with a state that plans and intervenes.” Ms. Batakis has voiced opposition to austerity, saying in a 2015 interview with the newspaper La Nación that Argentina needs a long-term approach to tackle inflation without cooling the economy.