| Martín Guzmán |
Guzmán and Joseph Stiglitz
|Born||12 October 1982|
|Alma mater||National University of La Plata, Brown University|
|Member of||WEF/Young Global Leaders/2021|
|Party||Frente de Todos|
Martín Maximiliano Guzmán is an Argentine economist, currently serving as Minister of Economy in the cabinet of President Alberto Fernández. He is minister during the large economic crisis caused by some of the longest lockdowns in the world, and renegotiated the national debt on certain conditions - allegedly including even longer lockdowns.
Early life and education
Martín Maximiliano Guzmán was born on 12 October 1982 in La Plata, Buenos Aires Province. Guzmán studied at the National University of La Plata, where he graduated with a degree of Licenciate in Economics in 2005, then going on to receive a Master of Science in Economics in 2007. In 2013 he earned a doctorate on Economics from Brown University. His theoretical influences include Carlos Daniel Heymann and Joseph Stiglitz, a historical ally of George Soros.
He has published numerous articles in specialized magazines and books, and in media such as The New York Times, The Washington Post, Financial Times,The Guardian, Huffington Post and George Soros' influence organ Project Syndicate, among others.
At the Columbia Business School, Guzmán is an Associate Research Scholar at the Economics Division, director of Columbia University Initiative for Policy Dialogue's Debt Restructuring Program and editor-in-chief of the Journal of Globalization and Development, specializing on the fields of public debt, international macroeconomics and monetary economics.
Minister of Economy
His first legislative initiative, the Social Solidarity and Productive Recovery Bill, was passed by Congress on 23 December. The bill includes tax hikes on foreign currency purchases, agricultural exports, wealth, and car sales - as well as tax incentives for production. It also gave the president additional powers to renegotiate debt terms– with Argentina seeking to restructure its US$100 billion debt with private bondholders and US$45 billion borrowed by Macri from the International Monetary Fund.
On August 4, Guzmán reached an accord with the biggest creditors on terms for a restructuring of $65bn in foreign bonds, after a breakthrough in talks that had at times looked close to collapse since the country's ninth debt default in May. The deal is alleged to have come after a deal between the president and George Soros, which put certain conditions on the agreement very favorable to him and his shock doctrine method.