Ocampo will not go to the Central Bank

2023-11-23 20:35:53

After several twists and turns, with numerous incidents and names in the middle, from the environment of the president-elect Javier Miley confirmed to the media this Thursday that the Minister of Economy from December 10 will be Luis Caputoformer head of Finance during the management of Mauricio Macri.

This is what sources close to the next president reported to the media TN and also to Noticias Argentinas. In parallel, it was also announced that Emilio Ocampoone of the main references of the dollarization plan, He will not be the president of the Central Bank.

Just yesterday, the next president had praised the former Minister of Cambiemos and assured that he was someone “in conditions» to take charge of the economic portfolio, one of the most sensitive and relevant for the incoming administration.

Although Milei clarified that he would inform who would be his Minister of Economy once he assumes the presidencyhis statements only increased the rumors surrounding the possible landing of Caputo in the Palacio de Hacienda.

The former president of the Central Bank during the administration of Mauricio Macri is not a supporter of dollarization, at least in the first months of his administration, lor what might have motivated Ocampo’s departure as eventual head of the monetary authority, although this was not officially reported.

The appointment of the new minister would have been decided in the meeting held this followingnoon with Nicolas PosseMilei’s future Chief of Staff, who earlier had also met the next head of state.

There, the NA agency reported, Caputo presented a plan to solve one of the main problems that Milei sees in the economy. what are the leliqs like?. The proposal, in principle, would be anchored in obtaining external financing.


Who is Luis “Toto” Caputo, the man who imposes himself as Milei’s Minister of Economy


In the midst of the presidential transition, the name of the Minister of Economy of the Government of Javier Milei. When it seemed that the PRO was left out of the most important places, a strong rumor began to spread that placed a man extremely trusted by Mauricio Macri to occupy the portfolio: Luis “Toto” Caputo.

Caputo, 58, He has a degree in Economics from the University of Buenos Aires and professor of Economics and Finance in the Postgraduate Program at the Argentine Catholic University. He is married and has six children. He is an expert in the functioning of the market, with more than 30 years of experience in the financial sector. He was a schoolmate of Macri, at Cardinal Newman.

On his resume it stands out that he was head of the Argentine headquarters of Deutsche Bank until April 2008 and led the mutual fund manager Axis. She also worked in the JP Morgan between 1994 and 1998. Previously, he had been director of the electricity distributor and marketer Norte SA. In some circles he is considered “the Messi of finances”.

Toto is also the cousin of Nicolás Caputo, a construction and construction businessman. “soul brother” of Mauricio Macri. For months she has been advising Javier Milei in the financial area and claims to have a plan to solve the Leliqs problem. To do this, she would obtain financing from international markets for 15,000 million dollars..

With information from Noticias Argentinas, La Nación and TN


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