BUENOS AIRES: Argentina’s President-elect Alberto Fernandez, who will take office on Dec. 10, on Friday unveiled his cabinet amid debt burdens and a sluggish economy in the South American country.

His coalition government has 20 ministries, compared to the 11 ministries under the leadership of his outgoing predecessor Mauricio Macri.

Fernandez named Martin Guzman as the South American country’s new economy minister, describing him as “very prepared” for the office. “He knows very well the debt conflicts and the macroeconomic conflicts Argentina has,” Fernandez said when introducing his cabinet.

Guzman, 37, is a debt restructuring expert and is expected to help Argentina in dealing with international creditors and the International Monetary Fund (IMF).