Argentine gov't calls financial crisis meeting
BUENOS AIRES, Oct 6 (Reuters) - Top Argentine economy officials will meet on Tuesday to evaluate the global financial crisis and its impact on the South American country, Cabinet Chief Sergio Massa said on Monday.
The center-left government says solid economic fundamentals such as fiscal and budget surpluses and robust growth mean Latin America's No. 3 economy is well placed to weather the financial storm.
However, economic analysts warn that Argentina could be hard hit by a continued fall in global prices for its commodities exports such as soy, corn and wheat.
Soy accounted for nearly a quarter of Argentina's total exports last year and prices for the oilseed have tumbled from record highs earlier this year.
Massa told reporters Tuesday's meeting aimed to "carry out a monitoring to make sure the international situation doesn't affect us on a local level. The objective is to make sure the strength of Argentina's economy counts."
Among those due to attend the meeting were Economy Minister Carlos Fernandez, Finance Secretary Hernan Lorenzino, pensions agency chief Amado Boudou and the head of state tax agency, Claudio Moroni, Massa said.
Meanwhile, the Argentine Industrial Union (UIA), which groups business leaders, called for an urgent meeting with Massa to discuss the "implications that the international financial crisis will have on the national economy." (Reporting by Lucas Bergman; Writing by Helen Popper, editing by Richard Chang)
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