The Minister of Economy, Luis Caputo, highlighted the incorporation of José Luis Daza to his team. The market’s view regarding this change in management.
The economist Jose Luis Daza joins the portfolio he heads Luis Caputo, as his deputy minister, in other words, he will be his new right-hand man. The now number two in the Ministry of Economy, replaces Joaquin Cottani, whose resignation was made official a week ago.
This “big one”, as Toto defined him, joins a team that will have the arduous task of resuming the ninth IMF audit, on which a disbursement of US$540 million dependsat a time when negative net reserve losses are in the market’s sights, along with pressures to release the exchange rate restrictions.
Daza is 65 years old and although he was born in Buenos Aires, he is Chilean. His relationship with the current administration has several chapters in the past. This economist from the University of Chile worked with Caputo at JP Morgan and Deutsche Bank. and also founded QFR Capital Management, together with David Sekiguchi and Demian Reidel, the current chief advisor to President Javier Milei. The brand new official also earned a doctorate in economics from Georgetown University. He could even have become a minister in Chile if José Antonio Kast had won.
How the city took the appointment of José Luis Daza
“Is A professional with extensive experience, successful, and with a lot of knowledgecan clearly add to the Economic team. It is a good addition. However, One has to focus on policies rather than people.“, he told Scope, the financial analyst Christian Buteler.
For its part, Rafael Di Giorno of Professioncontributed his vision: “I like the incorporation, His expertise is macroeconomics but he has always worked in the international financial market.understands how volatilities occur, the risks of debt renewal, and international interest rate cycles.”
“She is a highly trained professional who has held various positions in practice and academia. He has an unbeatable CV for a Minister and is going to be vice-minister. How much he can contribute will depend on how much they let him, but he has a lot of experience.“, the economist told this media Gabriel Caamaño from Ledesma Consulting.
Other voices in the city maintain that The previous vice minister was of little relevance despite being a well-known and respected name.and “The way the economic team communicates doesn’t seem to be any different with Daza.”
“Perhaps because of his proximity to Caputo, he is included in the inner circle and that could be positive internally by adding another voice. Regarding the IMF, the discussion seems to turn to policy decisions that go beyond names; they are institutional positions that bringing Daza in does not change at all.“, ventured an opinion from a major consulting firm.
Source: Ambito
