Milei’s Money Man Shuns Foreign Markets After Failed Bond Binge

Luis Caputo, Argentina's economy minister and top economic aide to President Javier Milei, has not issued any foreign bonds since returning to the role in 2023, a shift from his previous tenure as a finance official a decade ago when he sold more than $40 billion in overseas bonds. Caputo previously held the same position under a different administration and was characterized by critics as a "serial borrower" for his frequent use of foreign bond markets. The change in approach reflects a different economic strategy under the current administration.

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