News of caputo

IMF: Formal talks over new deal with Argentina have begun

19-12-2024 21:09 The International Monetary Fund and Argentina have formally begun negotiations over a new loan agreement as the current programme draws to a close.

ANALYSIS: SHOCK THERAPY

Argentina takes steps to speed up Milei’s dollarisation strategy

19-12-2024 15:38 Argentina’s government is working with major banks and payment firms to advance Javier Milei’s dollarisation strategy.

NEW IMF PROGRAMME

IMF in talks with Argentina on loan to succeed US$44-billion deal

19-12-2024 14:13 International Monetary Fund confirms it has formally opened talks with President Javier Milei's government over a new loan programme to replace its existing US$44-billion deal.

ECONOMIC POLICY

Milei, Caputo increasing bullish as they outline new IMF deal timeline

19-12-2024 09:50 Argentina eyes fresh accord with the International Monetary Fund in the first third of next year, with President Milei confident of strong support, both at the Fund and on trade, from incoming US president Donald Trump.

BILATERAL SPAT

Chile sends note of protest to Argentina after Caputo's criticism of Boric

19-12-2024 09:25 Chile has sent a note of protest to Argentina’s government after its economy minister Luis Caputo branded President Gabriel Boric a "communist" who will "sink" the nation.

MILEI AWAITS TRUMP

IMF moves goal-posts for Argentina – no definitions until April

13-12-2024 15:25 The International Monetary Fund has presented Javier Milei with two conditions which must be met before any further remittance beyond the US$44.5 billion loaned to Mauricio Macri – obtain Congress endorsement for taking on new debt and making structural changes.

by Carlos Burgueño

CAPITAL CONTROLS

Trump adviser Laffer tells Argentina ‘get it done now’ on capital controls

03-12-2024 15:19 Arthur Laffer has a word of advice for Argentina: Scrap capital controls now.

POLITICS – ANALYSIS

‘Fat Dan’ and libertarian childishness

23-11-2024 06:00 The childish attitudes of Milei 'troll army' come as the government has regained momentum in opinion polls.

by Agustino Fontevecchia

INTERVIEW

Jaime Durán Barba: ‘If we don’t attract people’s attention, we lose it completely’

22-11-2024 07:44 Political consultant behind the Cambiemos (2015-2019) administration gives his opinion on the modus operandi of Santiago Caputo and Manuel Adorni, while defining the “new political language” spoken by Donald Trump and Javier Milei.

by Julian D'Imperio

US-ARGENTINA RELATIONS

Trump: Milei’s friend in the North?

14-11-2024 15:57 Javier Milei wants to establish a close link with the US president-elect. A look at the relationship between Donald Trump, Argentina's president and the envoys working to strengthen ties.

by Juan Luis González

ANALYSIS

Milei hints at FX policy move after inflation slows below 3%

12-11-2024 17:23 Inflation slowed more than expected last month to its lowest level in three years, buoying an already ebullient President Javier Milei.

ECONOMIC REPERCUSSIONS

Dollars, IMF, cepo – Economy Ministry’s expectations after Trump triumph

06-11-2024 23:59 The government is betting on ideological overlap between Milei and Trump helping Argentina to obtain the financing required to face the need for dollars.

by Ezequiel Orlando

POLITICS

The 'Caputo Clan': A family linked to politics and power

02-11-2024 07:36 The Caputo family has been involved in Argentina's politics for some time, though its most recent star, presidential advisor Santiago Caputo, was an unknown until Javier Milei rose to office. A look at the family tree of a clan long linked to politics and power.

by Giselle Leclercq

POLITICS

Karina and Santiago Caputo take over the Foreign Ministry

27-10-2024 16:24 President Javier Milei's top two allies have gradually laid siege to Foreign Minister Diana Mondino, taking up every spot that opened at diplomatic head office.

by Juan Pablo Kavanagh

ANALYSING ARGENTINA

The Caputos spread their tentacles over the Mileis

26-10-2024 05:37 Not so long ago, two Caputos in Milei's inner circle seemed one too many. But now, Santiago and Luis Caputo are working closely in tandem.

by Marcelo J. García

IMF PROGRAMME

IMF confirms Argentina ‘exploring’ new financing programme

25-10-2024 17:26 Argentina’s government is “exploring options” for a new financing programme with the International Monetary Fund, confirms top official.

POLITICS & ECONOMY

Argentina seeks US$2.7-billion line to cover debt maturities

23-10-2024 20:39 Argentina’s government is in talks with several banks to obtain a loan agreement of around US$2.7 billion for about three years in order to meet its principal debt obligations next January.

IMF CREDIT LINE

Caputo says Argentina in talks with IMF over new deal, fresh funds

23-10-2024 13:58 After being hailed as “finance minister of the year” by a magazine in Washington, Argentina’s Economy Minister Luis Caputo Caputo said talks with the International Monetary Fund over a new agreement that includes fresh funds are underway.

Economic Recovery

Top private bank Galicia expects lending business to surge

23-10-2024 11:36 Galicia, Argentina’s largest private bank, is expecting loaning business to surge in the portfolio, a sign of what some say is economic recovery in Argentina.

EDITORIAL

Obscurity obstructs security

19-10-2024 06:46 Both Peronism and the business world are undergoing a transitional phase.

CAPITAL CONTROLS

Why Milei can’t lift currency controls any time soon

16-10-2024 12:15 Argentina has had strict currency controls in place for the past nine out of 13 years. President Javier Milei wants to get rid of them, but for now, he's sticking to the existing regime.

ECONOMY & POLITICS

Banco de la Nación wants to sell debt after a 30-year hiatus

09-10-2024 12:11 Daniel Tillard, the new head of Argentina’s largest bank, wants state-run Banco de la Nación to re-enter international capital markets for the first time in three decades.

POLITICS – ANALYSIS

Laughing and crying at the same time

05-10-2024 05:51 A joker of sorts, Santiago Caputo seems to always be looking for ways to “troll” his audience. One example could be his boss’ recent speech at the United Nations General Assembly, in which multiple paragraphs were “copy-pasted” direct out of an episode of The West Wing.

by Agustino Fontevecchia

International Monetary Fund

Argentina may combine final two IMF reviews before new talks

25-09-2024 09:10 Government may condense negotiations with IMF staff on its US$44-billion programme before opening talks on a new agreement that could include new money, Economy Minister Luis Caputo told investors Tuesday in New York.

MILEI IN NEW YORK

Milei lays out clearer currency path as his popularity begins to dip

24-09-2024 11:05 In his Wall Street debut, Javier Milei tells investors at the New York Stock Exchange that currency restrictions will be lifted “when the rate of inflation in the macroeconomic programme is zero.”

UNREST AT STATE AIRLINE

Government responds to Aerolíneas union strikes with sell-off threat

19-09-2024 15:27 Milei administration warns striking aviation workers, says it has opened talks with private companies over the privatisation of state carrier Aerolíneas Argentinas.

INVESTMENT

Milei government enthused by initial RIGI investment commitments

18-09-2024 18:03 Two multinationals from the automobile sector and a large energy company have committed investments since passage of the RIGI investment incentive scheme.

by Martín Fernández Nadale

economy

Headline figures from Milei government’s 2025 Budget

16-09-2024 12:17 Argentina’s Economy Ministry publishes its forecasts for the coming year: 5% growth, 1,207 pesos a dollar and 18.3% inflation.

EDITORIAL

Nobody wins

14-09-2024 06:37 Milei risks his popularity with insensitivity towards pensioners in the name of maintaining a fiscal surplus.

MEDIA

‘Pauta cero'? – No state advertising is a lie that suits Milei

13-09-2024 10:00 President Javier Milei took office vowing not to distribute state advertising to media companies, but the La Libertad Avanza leader has broken his promise. Some 130 billion pesos have been dished out, via state bodies and firms, to friendly outlets.

by Franco Lindner

ECONOMY – ANALYSIS

Argentina posts slightly higher than expected August inflation

11-09-2024 17:01 Argentina’s monthly inflation rose slightly above expectations in August, representing a setback for President Javier Milei.

ECONOMIC INDICATORS

Inflation rises slightly to monthly 4.2%, dashing government hopes

11-09-2024 16:43 Prices have increased 94.8% in Argentina since the turn of the year, according to official data; Consumer price hikes at monthly 4.2% – slight rise on the preceding month and above government forecast of 4%.

ANALYSING ARGENTINA

Decisions Milei refuses to make

07-09-2024 05:52 Milei will eventually pay the political price for the decisions he fails to make today. His current popularity, buoyed by the perception that recession is the lesser evil compared to rampant inflation, won’t last forever.

by Marcelo J. García

OFFICIAL FORTUNES

Official fortunes: New minister’s statement shakes up Milei Cabinet rich list

03-09-2024 12:14 Argentina’s new Deregulation & State Transformation Minister Federico Sturzenegger’s sworn affidavit places him as the fourth-richest member of Javier Milei’s Cabinet. President now ranks seventh on a list topped by Foreign Minister Diana Mondino.

ECONOMY & FINANCE

Argentina ships gold bars abroad to be financially certified

02-09-2024 20:30 Argentina’s Central Bank sent part of its gold reserves abroad in recent weeks to be validated for financial use.

FIGHT AGAINST MONEY-LAUNDERING

Argentina at risk of falling onto FATF money-laundering ‘grey list’

31-08-2024 05:54 President Javier Milei wants to introduce a ‘blanqueo’ whitewash amnesty for undeclared assets. But his plan could see Argentina fall foul of the Financial Action Task Force money-laundering watchdog. RIGI multi-billion dollar investment incentive scheme is also under scrutiny.

by Ariel Maciel

POLITICS – ANALYSIS

Selling your soul to the devil?

31-08-2024 05:40 Macri and Milei are still feeling each other out, much like heavyweight boxers who dance around each other throwing light jabs for fear of being hit with an uppercut. All of which begs the question, who will stab the other one in the back first?

by Agustino Fontevecchia

EDITORIAL

Libertarian entrapment

31-08-2024 05:21 The paradox of a libertarian government revering the free market while unable to exit bureaucratic Kirchnerite capital controls has already drawn comment but the reduction of the PAIS tax exposes another contradiction.

ECONOMIC POLICY

Caputo confirms that PAIS tax will be cut next week

28-08-2024 23:37 Goverrnment to lower 'Impuesto PAIS,' key import tariff, to cool inflation; Economy minister says cuts will begin for imports and freight cargo with reduction beginning next week.

ECONOMY – ANALYSIS

Milei lowers key import tariff to cool inflation

28-08-2024 10:35 Economy Minister Luis Caputo announces government will lower levy known as 'PAIS tax' from 17.5% to 7.5%.

OPINION & ANALYSIS

Political sewers on the boil

24-08-2024 05:15 Intelligence sectors in conflict threaten to throw the book at each other, exposing shady deals and problematic situations in private lives.

by Javier Calvo

POLITICS – ANALYSIS

War between Milei and Villarruel escalates

22-08-2024 14:33 Dispute between President Javier Milei and Vice-President Victoria Villarruel has been publicly exposed. The question is no longer why it is happening, but how it can end.

by Javier Calvo

POLITICS & CONGRESS

Blow for Milei: Opposition teams up with PRO to block intelligence funds

21-08-2024 23:05 In a heavy blow for the Milei government, deputies in lower house repeal decree assigning over 100 billion pesos “to boost the national intelligence system” by 156-52 vote with six abstentions.

Editorial

Inflation down on its all fours?

17-08-2024 05:39 The main obstacle to zero inflation is zero certainty as to the future.

POLITICS

Milei again rules out devaluation of peso in Council of Americas speech

14-08-2024 18:20 President Javier Milei defends his government and rules out devaluation of the peso in speech at a Council of the Americas forum.

POLITICS

City transport subsidies source of conflict between Milei and Jorge Macri

06-08-2024 16:41 While the revenue sharing distribution row is being solved, tensions look set to enter a new chapter with a dispute building over the removal of bus subsidies from 31 bus lines in the capital.

by Ezequiel Spillman

POLITICS

Sandra Pettovello on war footing against Santiago Caputo

05-08-2024 13:56 In the corridors of Casa Rosada, tensions between Milei's Human Capital minister and the President's powerful spin doctor has come to light.

POLITICS – ANALYSIS

Corruption starts with K

03-08-2024 13:58 Shortly after the restructuring of the spy agency, the Milei administration signed an emergency decree giving it an additional 120 billion pesos, roughly US$100 million.

by Agustino Fontevecchia

POLITICS

Santiago Caputo breaks his silence

01-08-2024 15:02 Javier Milei’s influential advisor gave his first public interview, a few hours from the conversation held by the head of State with Macri at Olivos.