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Argentina's Economy Minister Unveils Bold Debt Stabilization Plan

11/9/2025

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Summary

Story summary

Argentina's Economy Minister Luis Caputo announced plans to repurchase sovereign bonds and rebuild foreign reserves in New York.
He said the peso will not be fully floated and will trade within established limits, with the band widening 1% to 1.5% monthly.
Caputo plans to present a proposal within 30 days detailing reserve-accumulation strategies and a debt-for-education bond to stabilize the economy after President Javier Milei's electoral success.

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Story summary

Argentina's Economy Minister Luis Caputo announced plans to repurchase sovereign bonds and rebuild foreign reserves in New York.
He said the peso will not be fully floated and will trade within established limits, with the band widening 1% to 1.5% monthly.
Caputo plans to present a proposal within 30 days detailing reserve-accumulation strategies and a debt-for-education bond to stabilize the economy after President Javier Milei's electoral success.