"Luis Toto Caputo, 60, has an unmatched ability to raise money in turbulent waters. The Argentine economy minister eliminated the export tax on grains earlier last week, and in just three days, $7 billion flowed into the country. Last Wednesday, U.S. Treasury Secretary Scott Bessent announced that the White House is negotiating a $20 billion aid package for Argentina. The financial storm that threatened to wipe out the peso and Argentine bonds subsided. The national currency appreciated again, and bonds regained ground."
"This former Wall Street trader, who has never shied away from taking risky financial moves, earned another pat on the back from President Javier Milei and a torrent of criticism. Caputo was born into a wealthy family with extensive political and power connections. His grandfather Nicolas founded a construction company that has become one of the largest in the country, Caputo S.A., and his uncle Dante served as foreign minister under Raul Alfonsin following Argentina's return to democracy in 1983."
Luis Toto Caputo eliminated the export tax on grains, and $7 billion flowed into Argentina within three days. U.S. Treasury Secretary Scott Bessent announced White House negotiations on a $20 billion aid package. The peso appreciated and Argentine bonds regained ground after the inflows. Caputo is a former Wall Street trader known for risky financial moves and rapid fundraising. He comes from a wealthy family with deep political connections; his grandfather founded Caputo S.A. and his uncle Dante served as foreign minister under Raul Alfonsin. He studied at Cardenal Newman and earned an economics degree at the University of Buenos Aires. Colleagues call him a trader better suited to private finance than public economic management.
Read at english.elpais.com
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