Business & Finance
Milei’s Money Man Shuns Foreign Markets After Failed Bond Binge
Key Points
Milei’s Money Man Shuns Foreign Markets After Failed Bond Binge In his first stint as a top Argentine finance official a decade ago, Luis Caputo tapped foreign bond markets again and again, selling more than $40 billion in total and earning the moniker “serial borrower” from his critics. Nearly three years into his second tour, Caputo, now the top economic aide to President Javier Milei, hasn’t sold a single bond overseas. Some of that is simply the result of the deep budget cuts Caputo has...
Milei’s Money Man Shuns Foreign Markets After Failed Bond Binge
In his first stint as a top Argentine finance official a decade ago, Luis Caputo tapped foreign bond markets again and again, selling more than $40 billion in total and earning the moniker “serial borrower” from his critics. Nearly three years into his second tour, Caputo, now the top economic aide to President Javier Milei, hasn’t sold a single bond overseas.
Some of that is simply the result of the deep budget cuts Caputo has helped Milei orchestrate, as his team at the Economy Ministry is quick to point out. No longer plagued by chronic deficits, Argentina’s financing needs are smaller.