23
January 2013
Past Event
Crisis in Argentina: Implications for International Policymakers

Crisis in Argentina: Implications for International Policymakers

Past Event
Hudson Institute, Washington, D.C. Headquarters
January 23, 2013
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23
January 2013
Past Event

1015 15th Street, N.W., 6th Floor
Washington, DC 20005

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Speakers:
Ambassador Lino Gutiérrez

Former US Ambassador to Argentina and current CEO of Gutiérrez Global LLC

Evan Ellis

Professor of national security studies with the National Defense University's Center for Hemispheric Defense Studies

Douglas Farah

Senior Fellow at the International Assessment and Strategy Center and former Washington Post correspondent covering Latin America

Arturo Gonzalo Aizpiri

Corporate Director of Institutional Relations and Corporate Responsibility of Repsol, a Spanish oil and gas company

Arturo C. Porzecanski

Director of the International Economic Relations Program at American University

On Sunday, October 23, 2011, Argentine President Cristina Kirchner was reelected with 54 percent of the vote due to the lift in the economy caused by the international commodity markets' boom.  But as of January 13, 2013, the economy was stagnant, and Fitch Ratings noted that a "default by Argentina [was] probable." The mix of 25% inflation, anemic economic growth, and higher crime rates, among other problems, had taken a toll on the government's approval rating and sparked sizable public protests. At the same time, the Kirchner administration had ignited controversy related to its policies toward the nation's news media, energy sector, and international creditors. 

Jaime Daremblum, Director of Hudson Institute's Center for Latin American Studies, led a conversation on the implications of Argentina's recent actions. How would a default by Buenos Aires impact the sovereign debt market? Is Argentina meeting its obligations as a full member of the G-20? What are the broader consequences for the region should Argentina continue down its current path?

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