Within the framework of Law No. 27,544 of Reestablishment of the Sustainability of Public Debt issued under Foreign Law, Minister of Economy Martín Guzmán, will give a presentation updating on Argentina’s macroeconomic developments and sustainable debt principles via webcast tomorrow Friday March 20th at 16:00 p.m., Buenos Aires time.

Parties who would like to attend the presentation via webcast should register at https://webcast.openbriefing.com/moemar20/. The deadline for registration is 15:30 p.m., Buenos Aires time, on 20 March 2020.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which any offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the securities laws of any such jurisdiction.

Published on December 18, 2019

Viviana Seville Salas joins the team announced by Minister Martín Guzmán on December 11, composed of the Secretaries of the Treasury, Raúl Rigo; of Finance, Diego Bastourre; of Economic Policy, Haroldo Montagu and of Tax Policy, Roberto Arias.

Mrs. Secretary is a Lawyer and an Attorney, graduated from the Faculty of Law and Social Sciences of Universidad of Buenos Aires. Subsequently, she completed a Master’s Degree in Administration and Public Policies and she holds a Master’s Degree in Administrative Law, from Universidad de San Andrés and Universidad Austral, respectively. She has recently obtained a Diploma in Governance, Compliance, Control & Assurance, also at Universidad de San Andrés. Abroad, Viviana Seville Salas received training through various courses and seminars at Michigan State University and at Universidad Autónoma de Madrid.

Es autora de numerosas publicaciones académicas a nivel nacional e internacional, al tiempo que cuenta con una amplia participación en congresos y conferencias tanto como expositora como moderadora.

As a result of the macroeconomic policies implemented in recent years, the Argentine Republic is going through a situation of deep economic and social crisis. As of April 2018, in the context of the collapse of the prevailing economic model, the large volume of public debt that the Republic accumulated during the previous two years began to be considered as unsustainable by the market. Furthermore, those years were not accompanied by an increase in productive capacity which would allow the fulfillment of payment obligations respecting social sustainability. Within this context, the Republic invites the holders of public debt to initiate conversations on the basis of good faith in order to adapt the public debt to the objectives of its sustainability, observing the following principles.

• In order to solve the current macroeconomic inconsistency, debt policies are required as part of a comprehensive program aimed at restoring public debt’s sustainability and recovering the path of sustainable growth.
• The Argentine Republic expresses its genuine commitment to pay.
• The economic recovery is a necessary condition to restore the ability to pay.
• Public debt policies must also set the conditions for the development of the domestic capital market.

December 18, 2019

The Minister of Economy, Martín Guzmán, attended this morning the School of Economics of the University of La Plata to expose the theoretical developments linked to monetary rules and the discretion and temporal consistency, topic he presented to compete for the Chair of Currency, Credit and Banks at the institution.

Mr. Minister was Associate Professor of the subject and the Holder of the Chair was the economist Daniel Heymann, who retired. For this reason, the new official had presented months ago to the contest to fill the vacant position. After his presentation of 40 minutes before a jury composed of three professors, a student and a graduate, he was declared the holder of the Chair.

Guzmán was received by Dean Eduardo De Giusti and the Vice President of the University of La Plata Martín López Armengol, who posted a photo with the economist on his Twitter account. “We had the honor of receiving at the School of @economics_unlp the Minister @Martin_M_Guzman, professor of this house and a graduate of the Public University @unlp,” he wrote.