Argentina's Ministry of Finance published remarks from Economy Minister Luis Caputo, who spoke alongside Central Bank of the Argentine Republic President Santiago Bausili at an Atlantic Council and World Bank event, presenting Argentina’s reform programme as having strengthened domestic markets and the currency during an external shock linked to the conflict in the Middle East. Caputo also outlined an agenda to reduce the “Argentine cost” of producing goods and to mobilise domestic savings into investment. Caputo said fiscal accounts had been put in order while real social assistance doubled and 12 million people, described as 25% of the population, were lifted out of poverty. He pointed to plans to reduce taxes, cut regulation and improve logistics, and described the labour reform and the “Fiscal Innocence Law” as measures to formalise the economy and bring undeclared savings into the financial system. He also highlighted the large-investment incentive regime (RIGI), reporting 35 projects totaling more than USD 80bn, with around one third already approved for more than USD 28bn, and argued Argentina has a strategic opportunity given its oil, natural gas, food and critical minerals endowment.

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