The successful economic program of President Javier Milei continues to generate global praise. The specialized magazine LatinFinance recognized Argentina's Minister of Economy, Luis "Toto" Caputo, as Finance Minister of the Year, and the Central Bank President, Santiago Bausili, as Central Bank Governor of the Year, for their central role in the country's macroeconomic stabilization.
The recognition comes after a year in which Argentina achieved its first fiscal surplus in more than a decade, thanks to public spending cuts and financial discipline driven by Caputo. LatinFinance highlighted his "courage to avoid what may have been the worst economic crisis in Argentina's history" and his commitment to a path that seeks "sustainable growth, job creation, and real wage increases."
Luis Caputo
Meanwhile, the international organization praised Bausili for stabilizing the Central Bank's finances, controlling inflation, and moving toward a freer and more transparent monetary regime. Under his management, the institution's balance sheet "is extremely clean," with no peso liabilities outside the monetary base, an unprecedented achievement for the country.
During their visit to Washington, both officials participated in the seminar "Argentina's Path After the Midterm Elections", organized by JP Morgan. Before 150 bankers and investors gathered at the Mayflower hotel, Caputo stated clearly: "These elections are important, but they're not going to alter, in any case, our policies, whether we win or lose by five points."
Santiago Bausili.
The minister ruled out that the October 26 elections would modify the structural reforms agreed with the IMF. "We're going to have to build governability in any scenario," he acknowledged. He also highlighted the growing international interest in investing in Argentina and the strategic relationship with the United States: "We finally got our 'whatever it takes' from the most powerful country in the world. We're one of the few countries that, according to the IMF, are going to grow this year and next."
Bausili, meanwhile, emphasized that the Government's exchange rate policy "is consistent with the macroeconomic framework" and that the gradual devaluation of the peso between 20% and 25% allowed the foreign exchange market to be "reorganized without shocks."
