Latest update: 04/02/2010 

- Argentina - Cristina Kirchner


Kirchner names new central bank head after debt row

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Argentina's President Cristina Kirchner has appointed economist Mercedes Marco del Pont to head the country's central bank. Kirchner had earlier secured the backing of lawmakers in a clash with the bank's previous chief over debt payments.

By FRANCE 24 (video)
News Wires (text)
 

AFP -  Argentine President Cristina Kirchner on Wednesday named economist Mercedes Marco del Pont as the new head of the central bank, replacing the man she sacked over a clash about debt payments.

Kirchner described Marco del Pont as a "very important official who has played a prominent role at the head of the Banco (de la) Nacion," Argentina's largest state-owned bank.

She is replacing Martin Redrado, who was dismissed by Kirchner for his refusal to approve her plan to use some 6.6 billion dollars in reserves to pay off debt due this year.

Kirchner's move to sack Redrado was backed late Tuesday by a legislative committee which reviewed his and Kirchner's actions in the row and sided with the president.

Date created : 04/02/2010 
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