Santiago Bausili was also distinguished as “Central Bank President of the Year.” The award ceremony took place in Washington, during the IMF and World Bank Assembly.
The Minister of Economy, Luis “Toto” Caputoonce again received the award from LatinFinance, which once again crowned him “Minister of the Year” for his economic management. And since the award, apparently, comes in combination, Santiago Bausili, His partner in the financial fight was distinguished as “Central Bank President of the Year.” In that sense, both officials emerged as two-time champions.
The scene occurred in Washington, during the IMF and World Bank Assembly, with official photos, long-winded statements and measured phrases. The Government celebrated the double distinction as a sign that “Argentina is on the right path” and that the reforms undertaken in recent months brought “stability and confidence”. Caputo, visibly satisfied, thanked his team, their families and the president Javier Mileito whom he attributed the political decision that “made it possible to stabilize the economy.”
What does the award given to Caputo and Bausili measure?
LatinFinance is a financial publication that usually distinguishes officials for debt managementaccess to markets or successful adjustment programs from the point of view of investors. In other words, it does not measure inflation, poverty or inequality, but rather the thoroughness with which the orthodox manual is followed.
The timing is also eloquent. In a country where hard numbers continue to resist the epic – high inflation, delayed salaries, falling activity -, each international award works as symbolic fuel.
The minister had already won the same recognition the previous year, a two-time championship that arouses both official pride and suspicion among others. Is it a merit of management or communication diplomacy? Recognition of specific results or the narrative of the markets? In a global scenario where economic awards usually involve both lobbying and technical evaluation, the question is not minor.
The truth is that the Government knew how to capitalize on it quickly. In official statements, photos and statements, the awards were presented as evidence of an Argentina that “reinspires confidence.” The staging was effective: Caputo and Bausili, smiling, posing in Washington with the diplomas, while in Buenos Aires analysts discuss whether stability is real or barely countable.
Luis Caputo and Santiago Bausili met with investors in the US
The Minister of Economy, Luis Caputo headed in USA the seminar “Argentina’s path after the midterm elections”, organized by the JP Morgan bank, before nearly 150 guests, including investors, bankers and finance specialists. Accompanied by the president of the Central Bank, Santiago Bausilithe official defended the management of Javier Mileiannounced what projects they are preparing for the second half of the mandate and stated: “We couldn’t be more optimistic about our future.”
Caputo assured in Washington that from their portfolio they are thinking “in the long term” but acknowledged that in Argentina “you have to deal with the short term”. In that sense, he explained: “Our trajectory clearly helped us to avoid solvency problemsbut sometimes we encounter financial problems, right? AND That’s probably what worries you the most.“.
Source: Ambito
