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MercoPress, en Español

Montevideo, April 14th 2025 - 05:52 UTC

Tag: Luis Caputo

  • Saturday, January 27th 2024 - 10:59 UTC

    Milei: Cabinet crisis, diplomatic clash with Colombia and Argentina “closer” to dollarization

    Economy Minister Luis 'Toto' Caputo said the taxation chapter of the Omnibus Law bill was left for later and admitted he would be taking over Infrastructure after Ferraro's sacking

    While Argentine President Javier Milei said Friday that his country was closer to dollarizing its economy, Minister Luis 'Toto' Caputo announced that the taxation part of the so-called Omnibus Law bill was being spared for a later date in a move to have the legislation passed as soon as possible to achieve a zero deficit. However, the Chief of State's plans clash with other conflicts within the cabinet and also in diplomatic matters.

  • Thursday, January 11th 2024 - 11:20 UTC

    Argentina gets fresh cash from IMF for impending maturities

    “We have to solve the country's addiction to public spending,” Caputo argued

    The Argentine Government of President Javier Milei Wednesday reached an understanding with the International Monetary Fund (IMF) whereby the global credit agency will make a disbursement of nearly US$ 4.7 billion, Economy Minister Luis Toto Caputo confirmed during a press conference in Buenos Aires.

  • Monday, January 8th 2024 - 12:50 UTC

    Milei praises Minister Caputo and says 30% monthly inflation would be ”a great achievement”

    Some “useful idiots” focus on the forms when the country needs a rapid response, Milei insisted

    Argentine President Javier Milei praised Economy Minister Luis Toto Caputo for his management of the country's inflation for December 2023 and said that if it reached 30% it would be “a great number” because previous estimates spoke of 45%.

  • Saturday, December 16th 2023 - 10:02 UTC

    Presidential Spokesman warns Argentina going through hyperinflation

    President Milei's administration wants to put an end to privileges, Adorni also said

    Argentina's Presidential Spokesman Manuel Adorni Friday confirmed his country was going through hyperinflation since the 1% daily rate mentioned earlier this week by Economy Minister Luis Toto Caputo would result in a 3,678% per annum.

  • Friday, December 15th 2023 - 10:55 UTC

    Argentina: Inflation is 1% daily, Caputo says

    Argentina needs an orthodox fiscal policy, Caputo explained

    Argentine Economy Minister Luis Toto Caputo said Thursday that inflation in his country stood already at 1% per day and insisted that measures were being taken to get out of this “financial catastrophe” through a classic orthodox stabilization plan. “We are in that process, but we are very confident,” he stressed.

  • Wednesday, December 13th 2023 - 10:59 UTC

    Argentina: Devaluation and austerity measures announced

    “There is no money to pay for works that often end up in the pockets of politicians and businessmen,” Caputo argued

    Argentina's Economy Minister Luis Toto Caputo Tuesday admitted people would be worse off for a couple of months while announcing in a recorded message the new measures adopted by the administration of President Javier Milei to bounce back from the deep crisis.

  • Wednesday, December 13th 2023 - 10:58 UTC

    Thumbs up from the IMF to Argentina's policy changes

    Georgieva said Toto Caputo's measures were “an important step toward restoring stability and rebuilding the country's economic potential”

    After Argentina's Economy Minister Luis Toto Caputo announced Tuesday in Buenos Aires a series of measures to tackle inflation, the Communications Director of the International Monetary Fund (IMF) Julie Kozack said in a statement that “these strong initial actions aim to significantly improve public finances in a way that protects the most vulnerable in society and to strengthen the exchange rate regime.”

  • Friday, December 8th 2023 - 10:10 UTC

    IMF official highlights importance of BCRA in tackling inflation

    Kozack acknowledged Argentina's very “fragile social conditions”

    International Monetary Fund (IMF) Communications Director Julie Kozack Thursday insisted during a press conference at the agency's headquarters in Washington that Argentina must have a “strong and credible” Central Bank to reduce inflation under future President Javier Milei. In Kozack's view, high prices are one of the most important imbalances the country needs to tackle.

  • Thursday, December 7th 2023 - 10:59 UTC

    Milei reaches out to Elon Musk and confirms Central Bank head

    Milei replied to Musk's posting by saying: “We need to talk, Elon.”

    Argentina's President-elect Javier Milei said Wednesday that he spoke “extensively” on the telephone with tycoon Elon Musk, who shall not be attending the Dec. 10 inauguration in Buenos Aires.

  • Monday, November 27th 2023 - 10:18 UTC

    Milei off to US for talks with IMF, WB, and Biden's administration

    Milei and his sister Karina attended a Jewish religious ceremony in Buenos Aires on Saturday

    Argentina's President-elect Javier Milei left Sunday evening for the United States to meet with officials from the Joseph Biden administration and creditor organizations such as the International Monetary Fund (IMF) and the World Bank (WB), it was reported in Buenos Aires