April 6, 2004

Business School Hosts Argentine Ambassador José Bordón

GW’s Center for Latin American Issues (CLAI), a research arm the School of Business, welcomed Argentine Ambassador to the United States José Octavio Bordón March 23 for an address on the financial state of Argentina. Ambassador Bordón’s address “The Kirchner Administration: Progress to Date and Challenges Ahead,” detailed the challenges facing President Nestor Kirchner as he deals with a debt that involves more than 150 bonds and jurisdictions as well as seven different currencies.

“The financial crises of the ’90s and 2001,” said Bordón “were the result of bad policies, bad management and bad luck.”

Following the 2001 crisis, Argentina saw its GDP drop by more than 250 percent from a high of $7,416 per capita, per year to $2,912; while the country’s inflation rate ballooned to more than 40 percent.

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