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

AI Summary

Luis Caputo, a key Argentine finance official and economic aide to President Javier Milei, has refrained from tapping foreign bond markets during his current term. This marks a shift from his prior approach, when he sold over $40 billion in foreign bonds.

In his first stint as a top Argentine finance official a decade ago, Luis Caputo tapped foreign bond markets again and again, selling more than $40 billion in total and earning the moniker “serial borrower” from his critics. Nearly three years into his second tour, Caputo, now the top economic aide to President Javier Milei, hasn’t sold a single bond overseas.