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Argentina bank head joins cabinet Argentina bank head joins cabinet
(about 2 hours later)
Argentina's President-elect Cristina Fernandez de Kirchner has chosen the head of a key state-owned bank as economy minister for her new cabinet.Argentina's President-elect Cristina Fernandez de Kirchner has chosen the head of a key state-owned bank as economy minister for her new cabinet.
The appointment of Martin Lousteau, the president of Banco de la Provincia de Buenos Aires, comes amid worries about the impact of quickening inflation.The appointment of Martin Lousteau, the president of Banco de la Provincia de Buenos Aires, comes amid worries about the impact of quickening inflation.
Ms Kirchner is set to continue her husband and predecessor's policies.Ms Kirchner is set to continue her husband and predecessor's policies.
While Nestor Kirchner is credited with helping Argentina recover from a financial crisis, some problems remain.While Nestor Kirchner is credited with helping Argentina recover from a financial crisis, some problems remain.
National statisticsNational statistics
Under Nestor Kirchner, who became president in 2003, Argentina's economy has seen a sharp turn around since its economic collapse six years ago.Under Nestor Kirchner, who became president in 2003, Argentina's economy has seen a sharp turn around since its economic collapse six years ago.
His government managed to pay off its debt to the International Monetary Fund (IMF) as well as boost exports.His government managed to pay off its debt to the International Monetary Fund (IMF) as well as boost exports.
Annual growth in recent years has been strong, at close to 8%.Annual growth in recent years has been strong, at close to 8%.
But analysts fear that these figures could be overly optimistic and have expressed concerns over inflation and energy shortages.But analysts fear that these figures could be overly optimistic and have expressed concerns over inflation and energy shortages.
"Many simply don't believe official figures published by the national statistics office, INDEC" said the BBC's Daniel Schweimler in Buenos Aires. "Many simply don't believe official figures published by the national statistics office, INDEC," says the BBC's Daniel Schweimler in Buenos Aires.
While Mr Kirchner will not have an official position in the new cabinet when his wife comes to power on 10 December, many expect him to have "strong influence from behind the scenes", Mr Schweimler added. While Mr Kirchner will not have an official position in the new cabinet when his wife comes to power on 10 December, many expect him to have strong influence from behind the scenes, our correspondent adds.
Mr Lousteau is set to replace current economy minister Miguel Peirano.Mr Lousteau is set to replace current economy minister Miguel Peirano.