Former head of the Central Bank will take charge of Argentina's "economic deregulation"

Former head of the Central Bank will take charge of Argentina's “economic deregulation”

Economist Federico Sturzenegger will occupy a new ministry linked to Argentina's economic deregulation, the chief of staff, Guillermo Francos, announced on Tuesday, a day after the departure of two members of the government.

“Federico Sturzenegger is going to join the national cabinet as a minister in an area that will have to do with the country's economic deregulation (…) I think it is a very important addition,” said Francos, who took over as chief of staff on Tuesday, replacing Nicolás Posse.

The name of the ministry that Sturzenegger will assume was still unclear. Until Monday Francos was Minister of the Interior and now he will absorb the powers of that ministry from the Chief of Staff in a Secretariat of the Interior headed by Lisandro Catalán, the government of ultra-liberal President Javier Milei reported on Tuesday in the Official Gazette.

Sturzenegger was president of the central bank between 2015 and 2018 during the government of Mauricio Macri. He also held the Secretary of Economic Policy during the administration of Fernando de la Rúa and resigned on November 20, 2001, shortly before one of the worst economic and social crises in the country's history.

The Government seeks to deregulate the economy through two laws that are currently being debated in the Senate.

On Monday, lawyer Silvestre Sívori, who was in charge of the Federal Intelligence Agency (AFI), also resigned. The Government has not yet announced who will replace him.