Exports key Argentine economic recovery
Exports totaling $46.5 billion in 2006 have led what is being heralded as a remarkable economic recovery in Argentina over the last five years.
An Associated Press report said Argentina has posted 47 consecutive months of uninterrupted growth and negotiated repayment of $100 million in public debt, five years after an economic meltdown in South America's second-largest economy.
The export boom has been led by soybean, corn and wheat exports on world food markets, and has generated tax revenues that have been used to pay down debt. Argentine President Nestor Kirchner has also negotiated agreements that will allow Argentina to pay down international debt at only about 30 cents on the dollar, the report noted.
Exports key Argentine economic recovery
