PROFILE-Argentine Economy Minister Amado Boudou

Position: Argentina’s economy minister

Incumbent: Amado Boudou, 47

Term: Appointed in July 2009

Key Facts:

— Boudou led the country’s offer to swap up to $18.3
billion in defaulted bonds, which concluded in June 2010 with
an acceptance rate among bondholders of about 67 percent. The
debt exchange was seen as a key step for an eventual Argentine
return to global credit markets eight years after an massive

— Before becoming economy minister, Boudou led the state
pensions body and won the trust of President Cristina Fernandez
when she nationalized private pension funds in 2008.

— As an economics student, Boudou supported the
free-market policies of former President Carlos Menem, but he
is now the No. 1 defender of Fernandez’s moves to strengthen
state control over the economy and use price controls and
export curbs to fight inflation.

— A long-time civil servant, Boudou has vowed to maintain
the government’s managed-float policy to avoid volatility in
the peso currency.

— Soon after taking office, he pledged to restore
credibility to the country’s inflation data, but economic
analysts say official consumer price figures remain far lower
than true inflation.

— Boudou has also promised to mend broken ties with the
International Monetary Fund and renegotiate some $6.7 billion
in defaulted loans from the Paris Club group of creditors,
which analysts see as another key step in Argentine efforts to
sell bonds at single-digit interest rates.

— Boudou, a bachelor who used to be a nightclub disc
jockey, has a far higher profile than his predecessors at the
Economy Ministry and often acts as a government spokesman on
issues beyond his economy portfolio.

(Reporting by Eduardo Garcia; Editing by Paul Simao)

PROFILE-Argentine Economy Minister Amado Boudou