Economist Aldo Ferrer has said the International Monetary Fund (IMF) was “incorrigible”, questioning the report the multilateral credit organism released this week saying Argentina should devalue on its peso currency and carry out austerity policies to get back on the track of growth.
Three Argentine economists, particularly close to the government of President Cristina Fernandez have admitted that the Argentine Peso is overvalued and is causing problems for non commodity exports which need to be addressed.
Argentine President Cristina Fernández de Kirchner held on Wednesday a 45 summit meeting with her counterpart Nicolas Sarkozy on the third and last day of her official visit to France.
Argentina has appointed economist Aldo Ferrer (84) ambassador to France. The decision was confirmed by the decree 180/2011 which was signed by President Cristina Fernández de Kirchner and Foreign Minister Héctor Timerman, on February 22.