Miley: Caputo has the expertise to be Argentina’s economy minister the world

President-elect of Argentina, Javier MileyFormer central bank chief Luis Caputo was praised on Wednesday and acknowledged that he has the expertise to be the next government’s economy minister.

mercy He did not name Caputo as head of the economy portfolio, but did not deny when asked whether Caputo had participated in meetings between the International Monetary Fund, which has a US$43 billion accord with Argentina. .

Kabuto es”There is no doubt that he is the right person for the post.“Miley said in a wide-ranging television interview to a local channel, referring to the position of the Minister of Economy.

“It has the necessary expertise to provide a solution from the financial markets to solve the money problem, exit the Lilix problem and end stocks.”.

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Kabuto He was also finance secretary at the start of former President Mauricio Macri’s government, which renegotiated with so-called holdout bondholders for about US$16.5 billion to return to international markets. Caputo then issued a 100-year bond that was scrapped by the current government in 2020 after defaulting on debt repayments.

mercy It reiterated that it will not lift exchange controls until the central bank’s short-term debt burden is resolved. Miley said the president-elect also distanced himself from the dollarization plan of Emilio Ocampo, who will be appointed head of the central bank several times before the elections.

On Wednesday, Milei said Ocampo may have to implement a different plan than what he originally proposed.Market conditions”.

Other key points from the interview:

• Milei confirmed plans to further privatize some state-owned companies, including health agency AySA, Trenes Argentinos and YPF energy company.
• Milei said it could take 18 to 24 months to bring down inflation significantly
• Millay has indicated that he prefers to work most days from the presidential residence in Olivos, a suburb of Buenos Aires, and not from the presidential palace, Casa Rosada.

read more: Argentina: Milei faces first adverse reactions to its adjustment plans