Argentine Economy Minister Amado Boudou, who oversaw a $12.9 billion debt restructuring and helped manage the nationalization of the country’s pension funds, was tapped to be President Cristina Fernandez de Kirchner’s running mate in October elections.
The head of the Buenos Aires Stock Exchange, Adelmo Gabbi, said he will seek legal action against Vice President Amado Boudou for accusing him of soliciting a bribe in a scandal over a bankrupt company.
Argentine Vice President Amado Boudou, who for years antagonized investors in South America’s second-biggest economy, may now become their guarantor of political and economic stability in a nation reeling from its leader’s surprise diagnosis with cancer.
Argentine Economy Minister Amado Boudou said last week’s jump in bond yields may prompt the government to shelve plans to sell as much as $1 billion of bonds, its first international offer since defaulting in 2001.
Argentine Economy Minister Amado Boudou said gross domestic product will increase this year at the fastest pace since 2007 as export growth and revenue from export taxes help the government fuel demand.