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MercoPress, en Español

Montevideo, November 18th 2024 - 13:50 UTC

Tag: Luis Caputo

  • 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.

  • Thursday, May 16th 2024 - 10:58 UTC

    Argentina getting ready to dollarize its economy, minister says

    Argentina still needs to terminate the “stocks” holding the parity between the local peso and the US dollar, Caputo explained

    Argentine Economy Minister Luis 'Toto' Caputo said Wednesday that the Libertarian administration of President Javier Milei had that the Government has “everything ready for dollarization.” The “recovery is very close,” he added as the “blue” (a euphemism for “black market”) dollar bounced back after it became evident that the government would be unable to deliver on Milei's promise to have an agreement signed with the provincial governors by May 25.

  • Wednesday, May 15th 2024 - 16:58 UTC

    Milei celebrates inflation figures football-style

    Milei thanked Toto Caputo for the latest achievement

    Argentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”

  • Monday, April 22nd 2024 - 12:43 UTC

    Milei to announce his achievements on nationwide TV

    The message will be recorded at the Olivos presidential residence earlier in the day and aired at 9 pm to draw peak audiences

    Argentine President Javier Milei is to speak on national TV on Monday announcing the achievements of his economic plan. According to Buenos Aires media citing Casa Rosada sources, alongside Milei will be Economy Minister Luis 'Toto' Caputo, Finance Secretary Pablo Quirno, and Central Bank (BCRA) President Santiago Bausili.

  • Thursday, April 18th 2024 - 10:41 UTC

    Argentina's Economy Minister foresees 1-digit monthly inflation imminent

    Milei's popularity is not increasing but that of the opposition is sliding, Caputo explained

    Argentina's Economy Minister Luis 'Toto' Caputo insisted Wednesday in Washington DC during his participation at the International Monetary Fund's (IMF) Spring Meeting that his country would be achieving a one-digit inflation rate shortly.

  • Monday, April 8th 2024 - 22:28 UTC

    Argentina delays payments to IMF until April 30

    What will Caputo seek during his trip to Washington between April 17 and 19?

    The Argentine Government of President Javier Milei Monday decided to postpone maturities with the International Monetary Fund (IMF) worth US$ 1.94 billion until the end of this month. The move was within the provisions of the standing agreement between the South American country and the credit agency, it was explained in Buenos Aires.

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