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MercoPress, en Español

Montevideo, November 5th 2025 - 08:14 UTC

Tag: Luis Toto Caputo

  • Friday, October 10th 2025 - 10:03 UTC

    US buys Argentine pesos to rescue Milei from “acute illiquidity”

    Bessent threw a lifeline to Milei's remaining two years in office

    US Secretary of the Treasury Scott Bessent announced on Thursday a currency swap with Argentina, whereby Washington would obtain pesos from the South American country in exchange for US$20 billion, following intensive meetings in Washington with Economy Minister Luis Toto Caputo.

  • Friday, September 19th 2025 - 10:22 UTC

    Dollar soars amid Argentina's political instability

    People get scared and cover themselves, Caputo argued

    Argentina's Economy Minister Luis Toto Caputo announced on Thursday that the government would sell “every last dollar” to defend the current parity between the Argentine peso and the greenback. He made those remarks following a rise in the official quotation, which pierced the upper limit of its exchange rate band. Caputo insisted this approach fell within the program agreed upon with the International Monetary Fund (IMF).

  • Monday, September 8th 2025 - 19:15 UTC

    Argentina: Dollar jumps after Sunday's midterm elections in BA province

    According to the IDB, Argentines could be suffering from “social fatigue” given Milei's austerity measures

    The results of Sunday's midterm elections in the Argentine province of Buenos Aires pushed the US dollar above the AR$1,400 cap, given the poor performance of President Javier Milei's La Libertad Avanza (LLA) and, with it, the resurrection of Peronism-Kirchnerism. In addition, Argentine stock abroad fell sharply, coupled with a spike in the country's risk rating.

  • Friday, June 27th 2025 - 19:34 UTC

    CFK claims Milei's model is on the brink of collapse

    Half of Argentines are falling into debt just to eat, CFK argued from her house arrest

    Former Argentine President Cristina Fernández de Kirchner (CFK) said in an audio recording from her house arrest played during the bank workers' La Bancaria union’s National Congress that President Javier Milei’s economic model was “unsustainable” and “on the verge of collapse.”

  • Thursday, April 24th 2025 - 18:31 UTC

    Argentina's economic reform, an example to the world

    Argentina deserves the IMF's support because it is making real progress, Bessent noted

    International Monetary Fund (IMF) Managing Director Kristalina Georgieva expressed once again her support for Argentina's economic policies following an encounter with Argentine Economy Minister Luis Toto Caputo during the IMF and World Bank Spring Meetings in Washington.

  • Thursday, January 23rd 2025 - 10:22 UTC

    IMF mission arrives in Buenos Aires to discuss US$ 11 billion loan

    The IMF mission is headed by Western Hemisphere Department Deputy Director Luis Cubeddu

    An International Monetary Fund (IMF) team landed in Buenos Aires Wednesday to discuss Argentina's eligibility for a US$ 11 billion new loan to make up for the South American country's currently negative reserves. The mission is headed by the IMF's Western Hemisphere Department Deputy Director Luis Cubeddu.

  • Friday, January 17th 2025 - 09:15 UTC

    Argentina accepting other currencies besides pesos

    The measure is however optional; pesos remain the legal tender

    Effective Friday, Argentines will be allowed to fill out price tags in the currency of their choice (most likely US dollars), the Central Bank (BCRA) announced Thursday, in what has been regarded as a first step towards the dollarization of the economy, one of President Javier Milei's electoral promises.

  • Saturday, December 21st 2024 - 10:56 UTC

    Boric chooses brotherly approach after derogatory remarks from Argentine gov't

    “I prefer to speak positively,” Boric insisted

    After heavy criticism from the Argentine government of Javier Milei, Chilean President Gabriel Boric Font sought to calm down the diplomatic waters because heads of State “come and go but the people remain.” Boric also insisted that Argentina was “a brotherly” country.

  • Thursday, December 19th 2024 - 10:53 UTC

    Chile angry over “inaccurate” words from Argentine Economy Minister

    Chile neglected the cultural battle and is now ruled by a Communist who is about to sink the country, Caputo argued

    The Chilean Government of President Gabriel Boric Font sent a protest note through diplomatic channels to Argentina after Economy Minister Luis Toto Caputo dubbed the leftwing leader a “Communist” who was sinking his country. Santiago said Caputo made “inappropriate and inaccurate statements” during a radio interview with a Buenos Aires broadcaster.

  • Thursday, November 21st 2024 - 09:44 UTC

    Argentina gets IDB and WB loans

    These announcements are linked to Economy Minister Luis Toto Caputo's participation last month in Washington at the WB annual meeting, it was reported

    Argentina's Libertarian Government has been granted loans from the World Bank (WB) and the Inter-American Development Bank (IDB) worth around US$ 4 billion, the Economy Ministry in Buenos Aires announced Wednesday. “The IDB and the World Bank approve financing for more than 4 billion dollars for projects in our country,” the ministry said in a statement.

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