Luis Caputo

Argentina plans to meet its debt payments through 2027 using home-grown debt, with a $3.7bn buffer in its 2026 financing plan, aiming to reduce reliance on Wall Street. Economy minister Luis Caputo outlined the strategy as part of Argentina's financial approach.

Argentina's Economy Minister Luis Caputo is pushing banks and brokers to create a real-estate fund to revive home lending, modeled after a real-estate investment trust (REIT). However, most Argentine home buyers still pay cash, and mortgage-backed sales have declined.

Argentina's central bank met its annual dollar-buying target in six months by purchasing over $10 billion. Economy Minister Luis Caputo noted the potential to buy up to $24 billion at the current pace, but the catch is that these purchases don't reflect net reserves.

Carry traders are shifting their focus from the US dollar to emerging-market currencies. The article mentions exchange rates between the US dollar and Brazilian real in Buenos Aires, Argentina, and notes Economy Minister Luis Caputo's efforts to finalize US financial support for Argentina.

Argentina's inflation slowed to 2.1% in May, the lowest in eight months, providing a boost for President Javier Milei. The government highlighted the decline, but annual inflation remains at 33.2%, and challenges persist, including corruption scandals and economic struggles in retail and manufacturing sectors.