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MercoPress, en Español

Montevideo, July 3rd 2025 - 11:35 UTC

Tag: Luis Caputo

  • Wednesday, February 21st 2024 - 10:45 UTC

    IMF's Gopinath to hold key meetings in Buenos Aires

    Gopinath is to meet Milei, other government officials, and private businessmen for a first-hand glimpse of the country's situation

    International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath is due in Buenos Aires this week for meetings with President Javier Milei, Cabinet Chief Nicolás Posse, and Economy Minister Luis 'Toto' Caputo.

  • Saturday, February 17th 2024 - 10:34 UTC

    Argentina achieves financial surplus for the first time in 12 years

    “Vaaaaaaaaaaaamoooooo Toto...!!!,” Milei congratulated Caputo on social media

    The Argentine government of President Javier Milei announced Friday in Buenos Aires that the country had achieved a financial surplus for the first time in 12 years. In the first full month of the new administration, tax revenues grew by 256.9% which in addition to stringent cuts in public expenditure yielded these results, it was explained.

  • Thursday, February 1st 2024 - 10:15 UTC

    Argentina: Fuel at pumps soars as gov't lifts taxation cap

    Decree 107/2024 bears the signatures of President Milei and Ministers Luis ‘Toto’ Caputo (Economy) and Guillermo Francos (Interior)

    Drivers lined up for hours Wednesday in Buenos Aires and other places across Argentina as a new increase in the price of fuel at pumps was expected to be enacted Thursday following a decision by the administration of President Javier Milei to release a liquid fuel (ICL) and carbon dioxide (IDC) tax cap in force since 2021, it was reported.

  • 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.”