Luis Caputo defended Javier Milei's economic direction and stated that the legislative obstacles are minor hurdles that will ultimately strengthen the reform project
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Economy Minister, Luis Caputo, spoke at the Council of the Americas and reaffirmed that the Deputies' rejection of the presidential veto won't alter the official strategy. For the official, these are merely short-term obstacles that don't change the roadmap.
"We had already spoken with the President and we were prepared," he stated, emphasizing that parliamentary resistance "ends up working in our favor because people don't want us to stop."
Caputo sobre los vetos: 'La gente no quiere que frenemos, vamos a seguir adelante'
Obstacles of the old politics
Caputo targeted those seeking to block the reforms. He asserted that this is the "old politics," determined to destabilize. "It's the same model that failed in every country where it was attempted. They still think they have to harm the country so a government will fail," he warned.
In this context, he stressed that the economic team won't back down: "We're not going to move an inch from our economic program."
Milei, an unprecedented leadership
The minister praised President Javier Milei, whom he described as a leader with unbreakable convictions. "What's truly difficult is to uphold those ideas once you reach the Rivadavia seat. That's why no one has done it in over 100 years," he said.
According to Caputo, that determination is what sets the current administration apart from all previous ones, and what will allow for the consolidation of a structural change in the Argentine economy.
Tangible results in the economy
The official highlighted that progress is already tangible. He presented a comparative chart with inherited and current data: core inflation dropped from 28% to 1.5%, reserves doubled, and the Central Bank's remunerated liabilities were eliminated.
Caputo sobre los vetos: 'La gente no quiere que frenemos, vamos a seguir adelante'
Poverty also fell from 53% to 32%. "Two years ago these were promises, 18 months ago a speech, today they're tangible results," he stated.
Investments and future
Meanwhile, while Congress was focused on blocking projects, Milei was receiving two of the world's leading mining companies, which announced investments of 27 billion dollars. For Caputo, this demonstrates international confidence in Argentina's economic direction.
Looking ahead, he promised to continue reducing inflation, taxes, and poverty, as well as opening up more investment opportunities. He also cited the IMF, which projects Argentina as one of the countries with the highest growth in 2025 and 2026.
"We're writing history. I invite the private sector to feel like a protagonist of this change," he concluded.
