ndustrial Union (manufacturers' association); Argentine Rural
Society (large landowners' association); business organizations;
General Confederation of Labor or CGT (Peronist-leaning umbrella
labor organization); Central of Argentine Workers or CTA (a radical
union for employed and unemployed workers); Peronist-dominated labor
movement; Roman Catholic Church; students

International organization participation:
AfDB, Australia Group, BCIE, BIS, FAO, G-6, G-15, G-24, G-77, IADB,
IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS,
IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA,
Mercosur, MIGA, MINURSO, MINUSTAH, NSG, OAS, OPANAL, OPCW, PCA, RG,
UN, UN Security Council (temporary), UNCTAD, UNESCO, UNFICYP, UNHCR,
UNIDO, UNMIK, UNMOVIC, UNTSO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO,
WToO, WTO, ZC

Diplomatic representation in the US:
chief of mission: Ambassador Jose Octavio BORDON
chancery: 1600 New Hampshire Avenue NW, Washington, DC 20009
consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, Miami,
New York
FAX: [1] (202) 332-3171
telephone: [1] (202) 238-6400

Diplomatic representation from the US:
chief of mission: Ambassador Lino GUTIERREZ
embassy: Avenida Colombia 4300, C1425GMN Buenos Aires
mailing address: international mail: use street address; APO
address: Unit 4334, APO AA 34034
telephone: [54] (11) 5777-4533
FAX: [54] (11) 5777-4240

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

Economy Argentina

Economy - overview:
Argentina benefits from rich natural resources, a highly literate
population, an export-oriented agricultural sector, and a
diversified industrial base. Over the past decade, however, the
country has suffered recurring economic problems of inflation,
external debt, capital flight, and budget deficits. Growth in 2000
was a negative 0.8%, as both domestic and foreign investors remained
skeptical of the government's ability to pay debts and maintain the
peso's fixed exchange rate with the US dollar. The economic
situation worsened in 2001 with the widening of spreads on Argentine
bonds, massive withdrawals from the banks, and a further decline in
consumer and investor confidence. Government efforts to achieve a
"zero deficit," to stabilize th