Mar 3 • 16:00 UTC 🇦🇷 Argentina La Nacion (ES)

Luis Caputo confirmed that he will maintain the economic course despite the conflict in the Middle East

Economy Minister Luis Caputo announced that Argentina will continue its economic policies amidst geopolitical tensions, emphasizing fiscal discipline and recovering confidence in international investments.

Luis Caputo, Argentina's Economy Minister, addressed an audience in Córdoba, reaffirming the country's commitment to its economic trajectory despite recent geopolitical unrest stemming from tensions between the US and Iran. He emphasized that Argentina's strongest defense against economic instability is a well-ordered macroeconomy, asserting that the nation will not deviate from its fiscal discipline. In light of the current situation, he voiced that staying on the right path is crucial for Argentina's stability and success.

During his speech at the Mediterranean Foundation, Caputo highlighted that Argentina has garnered significant international interest, mentioning pending requests for the International Financing Program totaling nearly $70 billion, with $26 billion already approved. This surge in requests, according to Caputo, underscores the recovering international confidence in Argentina's economic policies. He pointed out that these investments reflect a turnaround in the country's economic reputation on the global stage, which he considers vital for the nation's development.

Caputo expressed that he is pleased to be in Córdoba and appreciates the region's support for his economic initiatives. By maintaining a firm economic strategy, he aims to secure Argentina's place in international markets amid challenging global conditions. This approach aims to ensure that Argentina remains attractive to foreign investments, offering a path toward recovery and stability as the nation navigates through external pressures.

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