the US does not recognize any claims to Antarctica
Independence: 9 July 1816 (from Spain)
National holiday: Revolution Day, 25 May (1810)
Constitution: 1 May 1853; revised August 1994
Legal system: mixture of US and West European legal systems; has not accepted compulsory ICJ jurisdiction
Suffrage: 18 years of age; universal and mandatory
Executive branch: chief of state: President Fernando DE LA RUA (since 10 December 1999); Vice President Carlos "Chacho" ALVAREZ resigned 6 October 2000 and a replacement has not yet been named; note - the president is both the chief of state and head of government
head of government: President Fernando DE LA RUA (since 10 December 1999); Vice President Carlos "Chacho" ALVAREZ resigned 6 October 2000 and a replacement has not yet been named; note - the president is both the chief of state and head of government
cabinet: Cabinet appointed by the president
elections: president and vice president elected on the same ticket by popular vote for four-year terms; election last held 24 October 1999 (next to be held NA October 2003)
election results: Fernando DE LA RUA elected president; percent of vote - 48.5%
Legislative branch: bicameral National Congress or Congreso Nacional consists of the Senate (72 seats; formerly, three members appointed by each of the provincial legislatures; presently transitioning to one-third of the members being elected every two years to six-year terms) and the Chamber of Deputies (257 seats; one-half of the members elected every two years to four-year terms)
elections: Senate - transition phase will begin in the 2001 elections when all seats will be fully contested; winners will randomly draw to determine whether they will serve a two-year, four-year, or full six-year term, beginning a rotating cycle renovating one-third of the body every two years; Chamber of Deputies - last held 24 October 1999 (next to be held NA October 2001)
election results: Senate - percent of vote by bloc or party - NA%; seats by bloc or party - Peronist 40, UCR 20, Frepaso 1, other 11; Chamber of Deputies - percent of vote by bloc or party - NA%; seats by bloc or party - Alliance 124 (UCR 85, Frepaso 36, others 3), Peronist 101, AR 12, other 20
Judicial branch: Supreme Court or Corte Suprema (the nine Supreme
Court judges are appointed by the president with approval by the
Senate)
Political parties and leaders: Action for the Republic or AR [Domingo CAVALLO]; Front for a Country in Solidarity or Frepaso (a four-party coalition) [Carlos ALVAREZ]; Justicialist Party or PJ [Carlos Saul MENEM] (Peronist umbrella political organization); Radical Civic Union or UCR [Raul ALFONSIN]; several provincial parties
Political pressure groups and leaders: Argentine Association of Pharmaceutical Labs (CILFA); Argentine Industrial Union (manufacturers' association); Argentine Rural Society (large landowners' association); business organizations; General Confederation of Labor or CGT (Peronist-leaning umbrella labor organization); Peronist-dominated labor movement; Roman Catholic Church; students
International organization participation: AfDB, Australia Group,
BCIE, BIS, CCC, ECLAC, FAO, G-6, G-11, G-15, G-19, G-24, G-77, IADB,
IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO,
IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAES,
LAIA, Mercosur, MINURSO, MIPONUH, MTCR, NSG, OAS, OPANAL, OPCW, PCA,
RG, UN, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNIKOM, UNMEE,
UNMIBH, UNMIK, UNMOP, UNTSO, UNU, UPU, WCL, WFTU, WHO, WIPO, WMO,
WToO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador
Guillermo Enrique GONZALEZ
chancery: 1600 New Hampshire Avenue NW, Washington, DC 20009
telephone: [1] (202) 238–6400
FAX: [1] (202) 332–3171
consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, Miami, New York
Diplomatic representation from the US: chief of mission: Ambassador
James D. WALSH
embassy: Avenida Colombia 4300, 1425 Buenos Aires
mailing address: international mail: use street address; APO address: Unit 4334, APO AA 34034
telephone: [54] (11) 4777–453¾534
FAX: [54] (11) 4511–4997
Flag description: three equal horizontal bands of light blue (top), white, and light blue; centered in the white band is a radiant yellow sun with a human face known as the Sun of May
Argentina Economy
Economy - overview: Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. However, when President Carlos MENEM took office in 1989, the country had piled up huge external debts, inflation had reached 200% per month, and output was plummeting. To combat the economic crisis, the government embarked on a path of trade liberalization, deregulation, and privatization. In 1991, it implemented radical monetary reforms which pegged the peso to the US dollar and limited the growth in the monetary base by law to the growth in reserves. Inflation fell sharply in subsequent years. In 1995, the Mexican peso crisis produced capital flight, the loss of banking system deposits, and a severe, but short-lived, recession; a series of reforms to bolster the domestic banking system followed. Real GDP growth recovered strongly, reaching 8% in 1997. In 1998, international financial turmoil caused by Russia's problems and increasing investor anxiety over Brazil produced the highest domestic interest rates in more than three years, halving the growth rate of the economy. Conditions worsened in 1999 with GDP falling by 3%. President Fernando DE LA RUA, who took office in December 1999, sponsored tax increases and spending cuts to reduce the deficit, which had ballooned to 2.5% of GDP in 1999. Growth in 2000 was a disappointing 0.8%, as both domestic and foreign investors remained skeptical of the government's ability to pay debts and maintain its fixed exchange rate with the US dollar. One bright spot at the start of 2001 was the IMF's offer of $13.7 billion in support.
GDP: purchasing power parity - $476 billion (2000 est.)
GDP - real growth rate: 0.8% (2000 est.)
GDP - per capita: purchasing power parity - $12,900 (2000 est.)
GDP - composition by sector: agriculture: 6%
industry: 32%
services: 62% (2000 est.)
Population below poverty line: 37% (1999 est.)
Household income or consumption
