Argentina Names New Economy Minister as Inflation Crisis Mounts

BUENOS AIRES—Argentine President Alberto Fernández appointed a little-known public servant as financial system minister as his administration was dealing with soaring inflation and a weakening forex, which threat fueling social unrest.

Silvina Batakis, an economist aligned with the ruling Peronist coalition’s far-left faction, took over the federal government’s high financial publish on Monday, two days after the shock resignation of Martín Guzmán, a average aligned with the president.