The Government made official the appointment of Domingo Cavallo’s daughter as ambassador to the OAS

Sonia Cavallo
Sonia Cavallo

The National Government made official this Wednesday the designation of Sonia Cavallodaughter of former Minister of Economy Domingo Felipe Cavallo, as ambassador to the Organization of American States (OAS).

The appointment was made effective through Decree 433/2024signed by the president Javier Milei and the chancellor Diana Mondinowhich was published this morning in the Official bulletin.

In fact, after the Senate of the Nation had agreed to the appointment of Cavallo as ambassador, the Executive Branch appointed her to the Ministry of Foreign Affairs, International Trade and Worship, as a category “A” employee “in accordance with as established by article 5 of the National Foreign Service Law No. 20,957. Said rule establishes that the National Government may “exceptionally designate extraordinary and plenipotentiary ambassadors to people who, not belonging to the National Foreign Service, have relevant conditions.”

The daughter of the former official of the Carlos Menem and Fernando de la Rúa administrations does not belong to the diplomatic corps, so according to the aforementioned legislation, her appointment “will be considered extended for the duration of the term of the President of the Nation. that he has done it.” In this way, Sonia Cavallo’s stay at the OAS will initially last until December 10, 2027.

“The expense required to comply with this decree will be charged to the specific items of Jurisdiction 35 – MINISTRY OF FOREIGN AFFAIRS, INTERNATIONAL TRADE AND WORSHIP,” the Executive Branch clarified in article 3 of the decree made official today.

Thus, Sonia María del Milagro Cavallowill represent the Argentine Government in the organization based in Washington, United States, a country where he has resided for more than two decades.

Born 51 years ago in Córdoba, she is the eldest daughter of the former minister. She has a degree in economics, graduated from the University of San Andrés, she has a master’s degree in public policy from Harvard University and was part of the Center for Public Policies for Equity (CIPPEC). She is also the author of two books that she wrote with her father: “Historia Económica de la Argentina” (2018) and “Argentina’s Economic Reforms of the 1990s in Contemporary and Historical Perspective” (2019).

She settled in the United States after marrying American Daniel Runde in 2001, current vice president of the Center for Strategic and International Studies (CSIS), who in turn was an official at the Agency for Development. International during the government of George Bush Jr. The marriage between Cavallo and Runde took place in July 2001 and is remembered for the escrache that the couple suffered from a group of protesters who came to attack the former official.

In addition to delaying her exit from the church, the then 28-year-old girl had to cover her wedding dress with a cape to avoid the eggs that were thrown at her from the street, she reported in a La Nación chronicle. The daughter of the person responsible for the convertibility also had the tires punctured on the car with which she was going to travel to the Alvear Hotel that night.

Sonia Cavallo’s official announcement came hours after her father spoke at the IAEF Annual Congress. This Tuesday, Domingo Cavallo recommended to Milei to begin making exchange restrictions more flexible and move forward with the creation of “a free market for the dollar”. That would imply, as he explained, eliminating the stocks for all monetary and financial operations and leaving it exclusively for commercial transactions.

The former Minister of Economy, Domingo Cavallo (EFE/ Juan Ignacio Roncoroni)
The former Minister of Economy, Domingo Cavallo (EFE/ Juan Ignacio Roncoroni)

“For the moment Milei has postponed things he said during the campaign. I am surprised that they have not created a free market for the dollar. That means eliminating the stocks for all monetary and financial transactions and leaving it exclusively for commercial transactions,” said the economist.

Immediately afterwards, the former Minister of Economy commented on what would be the advantage of moving forward on that path: “In a free market, all income from exports of services could be derived and that 20% of exports of goods could not be derived from what is today the market counted on settlement. It is much more reasonable to use income from exports that would otherwise most likely simply be channeled through the parallel market or left abroad, than to use foreign exchange obtained from the export of goods to feed the free market. which in reality are the currencies that as long as exchange controls exist, The Central Bank can buy them and accumulate reserves”.

“That is why it would be very good if at that moment the tendency of the exchange rate in that free market was towards appreciation, the BCRA can mitigate the tendency towards appreciation and contribute to the stabilization of the exchange rate, which is a very important aspect. ”, he detailed.

“I believe that extending the idea of ​​freedom in all areas and particularly in the exchange and monetary sphere so that there can be fluid financial intermediation, not to finance the State deficit, which is very good what the Government has decided and is implementing. It will not require monetary financing at all, not even debt, because it will work with zero financial deficit, fundamentally so that there is financing for private sector activities and so that projects that are needed in Argentina to pay for sustained growth can be undertaken. of the economy,” said Cavallo.

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