The economist and former president of Banco Nación, Carlos Melconiananalyzed the recent financial agreement between Argentina and the United States, announced by Scott Bessentand maintained that “it only prolongs the life of the exchange marketAlthough he expressed his hope that the agreement “goes well,” he warned that “it was the last bell left for the National Government.”
In statements to Radio RivadaviaMelconian questioned the lack of clarity of the agreement sealed with the US Treasury. “Scott Bessent extended the life of the exchange market. Not much is known about this agreement, it is still a tweet that does not report a formal amount or how much and how it will be returned.”, stated the economist.
Despite his critical tone, he noted that he hopes the agreement will have good results, although he highlighted the context of urgency in which it was reached: “If Bessent didn’t show up, we were screwed. These 10 business days we are in charge of it“, he said, in reference to the proximity of the national elections of the October 26. “If tomorrow there were a change of government, this leaves you very tied up.”he added.
The former president of Banco Nación maintained that the main structural problem of the Argentine economy is its dependence on debt and the lack of accumulation of reserves. “The Government, instead of selling, has to buy dollars to accumulate reserves”he explained.
Melconian insisted that the reserves of the Central Bank “continue to be negative”, since “the assets it owns, including the disbursements of the agreement with the International Monetary Fund (IMF)are simultaneously passive.”
Finally, he warned that economic recovery requires more than exchange stability: “It is not enough to have the appropriate exchange rate and recover the ability to export and accumulate reserves, but also to reactivate the local marketAlong those lines, he stated that sectors such as industry, commerce and construction “are still in significant negative numbers.”
Deputies called a special session to question Luis Caputo for US aid to the government of Javier Milei
The Chamber of Deputies formally summoned Luis Caputo to be questioned next October 15 at 12:00 p.m.within the framework of a session convened according to article 71 of the National Constitution. The Minister of Economy must give explanations about the financial agreement with the United States and detail aspects of the 2026 Budget.
The summons was resolved during the session on October 8 and made official through a note signed by the parliamentary secretary, Adrián Pagan. The call states: “I am pleased to address you, in order to summon you on October 15, 2025 at 12:00 p.m., to the session scheduled under the terms of article 71 of the National Constitution, to which The Minister of Economy Lic. Luis Caputo has been summoned, as resolved by the Plenary Session in the Chamber session on October 8, 2025.”
Caputo must attend the House of Representatives to answer questions from national deputies about the economic policies, the management of public spending and the scope of the agreement with Scott Bessent. It is also expected to provide details on the guidelines of the Budget 2026which has already begun to be debated in committee.
Article 71 of the National Constitution empowers each Chamber to convene the ministers of the Executive Branch toto receive reportswith the obligation to attend and participate in the debate. Although the tool is used in exceptional cases, its application is generally associated with contexts of political tension or decisions with strong public impact.
Source: Ambito
