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MercoPress, en Español

Montevideo, May 23rd 2025 - 21:04 UTC

Tag: Luis Caputo

  • Thursday, May 1st 2025 - 10:09 UTC

    Argentine gov't to eliminate export duties from 4,411 items

    These “taxes affected the competitiveness of these Argentine companies abroad,” Caputo explained

    Economy Minister Luis' Toto' Caputo announced Wednesday that the Argentine government will eliminate export duties on 88% of industrial products, affecting 4,411 items and benefiting 3,580 businesses (nearly 40% of exporters).

  • Friday, April 11th 2025 - 22:54 UTC

    Argentina announces end of currency controls and introduces exchange rate band

    Economy Minister Luis Caputo said in a press conference at the Casa Rosada that the official exchange rate will now float between 1,000 and 1,400 pesos per US dollar

    The Argentine government announced today a sweeping overhaul of its foreign exchange regime, set to take effect on Monday, including the end of currency controls and the introduction of a managed float within a fixed exchange rate band. The move marks the beginning of what authorities are calling “Phase 3” of their economic program.

  • Monday, February 17th 2025 - 09:08 UTC

    Argentine deregulation minister meets with IMF Chief in Saudi Arabia

    “I am excited about his participation in the IMF's new Advisory Council on Entrepreneurship and Growth,” Georgieva said about Sturzenegger

    Argentina's Deregulation Minister Federico Sturzenegger met Sunday in AlUla, Saudi Arabia, with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. They were both attending the Conference for Emerging Market Economies.

  • Wednesday, February 12th 2025 - 08:54 UTC

    US dollar not lagging, says Caputo

    “With Javier Milei we have the best relationship that an Economy Minister has ever had with a President,” Caputo said

    Argentina's Economy Minister Luis 'Toto' Caputo insisted Tuesday that the US dollar was not lagging against the peso and also mentioned that a new deal with the Monetary Fund (IMF) was just details away from being finalized. He made those remarks and negative results hit the local stock markets, and the country-risk index regained its upward trend following President Javier Milei's statements that a devaluation was not in sight and that the government did not intend to modify the current pensions law.

  • Tuesday, November 19th 2024 - 11:52 UTC

    Argentina clinches deal to sell Vaca Muerta gas to Brazil

    Caputo (L) and Silveira met on the sidelines of the G20 Summit in Rio

    Argentina's Economy Minister Luis Toto Caputo and his Brazilian Energy Counterpart Alexandre Silveira signed Monday on the sidelines of the G20 Summit in Rio de Janeiro an agreement whereby gas from Vaca Muerta will be pumped starting next year, reaching 30 million cubic meters per day as from 2030, which is the same volume that South America's largest country used to buy from Bolivia.

  • Friday, August 30th 2024 - 09:50 UTC

    Argentina makes imports easier to tackle inflation

    “The reduction of the PAIS Tax will imply a reduction of prices in September,” Caputo pointed out

    On Thursday, Argentina's Economy Ministry announced that it would suppress bureaucratic hindrances to importing key industry inputs such as steel, aluminum, and construction materials to “encourage competition and lower costs.” The measure also comes with a reduction in PAIS tax on purchases abroad to further tackle inflation. Representatives of the local steel industry expressed their objections and denounced that relevant safety measures were being disregarded.

  • Thursday, July 25th 2024 - 08:41 UTC

    Fitch says default on Argentine bonds in foreign currency likely

    The scope of Minister Toto Caputo's plan is still unclear, Fitch stressed

    The credit rating agency Fitch outlined Wednesday the possible consequences of Argentina's latest measures, which would aggravate the uncertainty about the South American country's reserves, particularly after some of its gold was shipped abroad, in addition to other financial gambits that would allow for the creation of banking pesos that would jeopardize a return to “global capital markets.”

  • Tuesday, July 2nd 2024 - 10:50 UTC

    All red numbers as Argentina enters “Phase 2” of its economic plan

    Caputo said the peso would become a strong currency, distancing the government from campaign promises announcing a dollarization

    Local and international markets alike did not react well Monday after Argentine Economy Minister Luis 'Toto' Caputo and Central Bank (BCRA) CEO Santiago Bausili tried to explain the Libertarian administration's next steps to stabilize the economy of South America's second-largest country.

  • Friday, June 14th 2024 - 09:30 UTC

    Argentina's Indec says May's CPI reached 4.2%

    Minister Caputo celebrated what he deemed to be another achievement in curbing inflation

    Argentina's National Institute of Statistics and Census (Indec) announced Thursday that the Consumer Price Index (CPI) had grown 4.2% in May, which was celebrated by the Libertarian administration of President Javier Milei as another sign of a slow victory over inflation despite the 71.9% recorded in the first five months of 2024 and the 276.4% yoy.

  • Thursday, May 30th 2024 - 14:00 UTC

    Milei highlights the benefits of capitalism at Stanford University

    Condoleeza Rice asked Milei to return soon

    During his appearance at the Hoover Institution on Stanford University's campus, Argentine President Javier Milei praised Economy Minister Luis 'Toto' Caputo's adjustment measures and addressed other issues regarding capitalism and monopoly regulations.

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