September 17, 2007 (LPAC)--Argentina's Central Bank President Martin Redrado found himself among the elite crowd invited to attend the early September gathering of central bankers and other economic and academic bigwigs at Jackson Hole, Wyoming.
But it wasn't because this group considers Redrado to be someone important. Rather, they wanted to deliver a clear message to the Argentine government, that under conditions of global financial crisis, no one is going to get any credit.
Redrado appears to have understood, telling the financial daily El Cronista that after attending the meeting, "my perception is stronger now than when I landed at the Jackson Hole airport: we are facing a cycle of credit restriction that will make access to financing much more selective and demanding."