Cristina Fernández de Kirchner electricity, gas and water supply. These remained fixed during the terms of Duhalde and Néstor and Cristina Kirchner, despite the crisis that motivated them having ended. As the inflation rate grew during the period, the state financed part of these prices with subsidies. Investment in these areas decreased, and the generation and distribution networks suffered. Argentina lost its self-supply of energy, and had to import it, rather than being able to export surpluses. Kirchner proposed a fiscal austerity program in early 2012, including the gradual removal of subsidies. The proposal turned out to be unpopular, and was not implemented. She
Presidency of Cristina Fernández de Kirchner 2008, Fernández proposed the transfer of nearly US$30 billion in private pension holdings to the social security system, a law that was passed by Congress in late November. President Cristina Kirchner is a member of the Council of Women World Leaders, an international network of current and former women presidents and prime ministers whose mission is to mobilize the highest-level women leaders globally for collective action on issues of critical importance to women and equitable development. Fernández was invited to the prestigious Summit on Financial Markets and the World Economy in Washington, D.C., on November 15, 2008, by President George