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New Economy Minister Sergio Massa Sworn In

ARGENTINA
  • Argentina’s new Economy Minister Sergio Massa pledged Wednesday night to stop printing money that helps fuel runaway inflation, outlining his strategy to turn around the country’s deepening crisis.
  • As part of Argentina's long-running negotiations with the International Monetary Fund to restructure a $44 billion debt, authorities had agreed to progressively reduce the public deficit from three percent in 2021 to 0.9 percent by 2024.
    • "We will meet the goal of the 2.5 percent primary fiscal deficit. We will make the necessary corrections to comply with our word," said Sergio Massa
  • “I’m not super anything, nor a magician nor a savior,” Massa said during a news conference Wednesday night at which he sketched his main plans. (AP)

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