As Ámbito anticipated, the president-elect hopes that “Toto” Caputo will accept his proposal to take over the Finance portfolio. This is the former minister and former president of the BCRA of Mauricio Macri.
How Liliana Franco anticipated in Ambitthe president-elect Javier Milei hopes that Luis Caputo (or “Toto” Caputo) accept as soon as possible his proposal to take charge of the Ministry of Economy, according to those close to La Libertad Avanza. This is the former Minister of Finance and former President of the Central Bank during the government of Mauricio Macri.
The “Messi of Finance”as Macri described it, was one of the creators of the loan with the IMF and the conditions that led to the default in pesos in 2019. He was also the promoter of the 100-year bond that was placed during the former president’s administration.
Caputo completed his primary and secondary studies at Cardinal Newman College, just like the former president. He has a degree in Economics from the University of Buenos Aires and a professor of Economics and Finance in the Postgraduate Program at the Argentine Catholic University. He is a first cousin of Nicolas Caputoconstruction businessman and “soul brother” of Mauricio Macri.
In his carrer, He served as head of Trading for Latin America at JP Morgan between 1994 and 1998, and from Eastern Europe and Latin America in the Deutsche Bank between 1998 and 2003. He was president of Deutsche Bank in Argentina until 2008, when he created Axis, a Common Investment Fund company. Through that company he bought dollars in the future and is pursuing a legal complaint in which he is accused of having benefited from the devaluation of the dollar. From the Ministry of Finance, he signed a debt for more than 4.2 billion dollars “for transportation infrastructure.”
In 2018, the Paradise Papers investigation, by the International Consortium of Investigative Journalists (ICIJ), where it was revealed that Caputo had ties to offshore investment funds in the Cayman Islands, Delaware and Miami. The international investigation also showed how the minister hid by assuming as an official that he was a shareholder in offshore companies created to manage hundreds of millions of dollars in tax havens.
Javier Milei’s new economic policy
In journalistic statements, Milei reiterated that, as expectedhe will be the one who defines the major economic guidelines. An interesting element in this sense is that the new president has decided limit the responsibilities of the Treasury Palace.
In effect, the Ministry of Infrastructure, in charge of Guillermo Ferrarowill have key areas for economic policy such as energy, communications, mining, public works and transportation under its orbit.
Source: Ambito
