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WORLD NEWSTuesday 24 November 2015
Argentina: LATIN BRIEFS
President-elect Macri inherits large economic woes Guyana will limit
access to waterfall
Argentina’s President elect Mauricio Macri speaks during a press conference in Buenos Aires, sion of dollars to keep the following suicides
government afloat and
Argentina, Monday, Nov. 23, 2015. Macri won a runoff election against ruling party candidate meet the demand of Ar- GEORGETOWN, Guyana
gentines looking to trade (AP) — Authorities in the
Daniel Scioli, putting an end to the era of President Cristina Fernandez, who along with her late their pesos. South American country of
That could come from Guyana have temporarily
husband dominated the country’s politics for 12 years. (AP Photo/Ricardo Mazalan) many different internation- limited access to the pop-
al economic bodies, but ular Kaieteur Falls following
PETER PRENGAMAN cent inflation and govern- over key policies, such as ultimately would require several suicides. Tourism
Associated Press ment spending that many some fast reforms to signal Minister Catherine Hughes
BUENOS AIRES, Argentina private economists warn is the decision not to negoti- that structural changes to said Monday that visitors
(AP) — Argentine Presi- not sustainable. the economy are forth- will not be able to access
dent-elect Mauricio Macri “Argentina today doesn’t ate with a group of credi- coming. the edge of the 741-foot
on Monday prepared to have credible information Macri will also likely en- (226-meter) waterfall. She
confront myriad problems on the economy,” said tors in the U.S. that took counter fierce resistance said authorities are trying
in Latin America’s third Macri, criticizing the Fer- in Congress, where he to find the body of a Guya-
largest economy, includ- nandez administration for Argentina to court in New doesn’t have majorities in nese woman who jumped
ing soaring prices and high widely discredited statistics either chamber. The make- to her death on Saturday
government spending that on everything from inflation York and won. up of Congress, filled with after she bolted from a
are a legacy of outgoing to poverty rates. “We need many Fernandez loyalists tour. It is the second suicide
President Cristina Fernan- to know the real state of Macri reiterated his prom- including her son, is par- at the falls in three months.
dez. public accounts.” ticularly important for the The suicide prompted au-
Macri, fresh off his historic Macri said that instead of ise to lift unpopular restric- long-standing debt spat thorities to cancel tours
election win late Sunday, a single economy minister, with a group of creditors in over the weekend. Kai-
began laying out how he he would build a cabinet tions on buying U.S. dol- the U.S. By law, Congress eteur Falls is considered
would achieve some of with six ministers assigned has to approve any mea- one of the most powerful
the promises that helped to specific areas of the lars and thus eliminate a sures regarding the coun- waterfalls in the world. It is
him put an end to 12 years economy. try’s debt. The Fernandez located in a remote region
of “Kirchnerismo,” a move- Such a structure is in line booming black market administration refused to in central Guyana.q
ment aligned with the poor with Macri’s technocratic negotiate despite repeat-
led by Fernandez and her approach, which empha- for foreign currencies that ed rulings by a U.S. federal Brazil official says
late husband and prede- sizes decisions based on court judge against Argen- govt. must expand
cessor, Nestor Kirchner. data analysis and efficien- creates distortions in the tina, a stance that ultimate-
Macri, the outgoing mayor cy over style. It also cuts a ly kept the South American anti-terror efforts
of Buenos Aires who will as- sharp contrast with Eco- economy. He said the re- nation from accessing in-
sume the presidency Dec. nomic Minister Axel Kicillof, ternational credit markets. RIO DE JANEIRO (AP) — A
10, said a key task is just a top official in the Fernan- strictions were an error that The close finish in Sunday’s top Brazilian official says
spelling out the true nature dez administration who historic runoff — Macri got the Olympic host country
of problems such as 30 per- wielded enormous power impeded growth, but did 51.4 percent of the vote must redouble its anti-terror
compared to 48.6 percent efforts in light of the Paris
not provide details on his for Scioli — will embolden attacks. Cabinet minister
ruling party stalwarts to Ricardo Berzoini says “there
next steps to address the question his moves. “It was is no limit to our worry,”
practically a tie,” said Fer- adding, “We must redou-
system. nandez’s Cabinet chief ble our efforts.” Berzoini’s
Anibal Fernandez, adding remarks to reporters during
Lifting restrictions would that the ruling party “will a conference on terrorism
be preparing to return to Monday were quoted by
likely lead to a sharp de- power.” Macri’s own back- Globo television network’s
ground and the bruising G1 web portal. Brazil has
valuation of the Argen- campaign could feed into not historically been a tar-
Argentina’s political po- get of international terrorist
tine peso, which officially larization after more than groups, but Berzoini said it
a decade of left-leaning “must have the same wor-
trades at 9.5 to the U.S. dol- government. He hails from ry” as frequently targeted
one of the country’s most nations because Rio de
lar but on the black market prominent families and Janeiro plays host to the
rose to fame as president Olympics next August.q
is around 16 pesos. of the popular Boca Ju-
niors soccer club.q
With foreign reserves
around $26 billion, low for
such a large economy,
Macri’s administration
would need a quick infu-
