Argentina's Martin Guzman, a whiz-kid economist with close ties to influent...
BUENOS AIRES - Argentina’s Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the daunting task of reviving Latin America’s third largest economy and averting a damaging default.
Guzman, a debt specialist at Columbia who has a doctorate from Brown University, was confirmed as economy minister on Friday evening in the new cabinet of President-elect Alberto Fernandez, who takes office on Dec. 10. He will need all his training as Argentina braces for fraught negotiations with creditors to restructure around $100 billion in sovereign debt while steering the recession-hit country back to growth and taming inflation.
Guzman has worked on a research team and edits a journal with Nobel Prize-winning economist Stiglitz, a former World Bank chief economist who has criticized outgoing President Mauricio Macri’s tight fiscal policies for stalling Argentina’s economy.
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