Since Argentina chose orthodoxy over populism in the presidential elections of November 2015, the country has seemingly changed overnight in the way it relates to the international community and manages its economy.
The new government, led by Mauricio Macri, finally settled the long-standing and bitter dispute with investors who refused the sovereign’s restructured terms on its 2001 defaulted debt, and has embarked on a series of wide-reaching, market-friendly reforms. Mr Macri is the first non-Perónist president in Argentina in 12 years, after the consecutive terms of the late Néstor Kirchner and then his wife, Cristina Fernández de Kirchner. To follow through on his pledge to bring about change, Mr Macri made sure to appoint a well-prepared, internationally respected group of professionals to government.
