Argentina
Caputo Seeks Signs of Stability as Milei Rejects Changes in the Electoral Countdown
According to Clarín, the political and economic debate is already being shaped by next year’s election. In the government, concern over the exchange-rate front, social unease and the president’s decision not to change course coexist.
The proximity of the electoral calendar has begun to shape the government’s internal climate, as well as the expectations of business leaders and investors. According to Clarín, one of the questions most often raised around Luis Caputo is whether Javier Milei will reach next year’s election strengthened or whether the strain of the adjustment and the lack of clear signs of economic recovery could complicate his continuity.
According to that outlet, officials believe that any eventual perception of electoral weakness could spill over into the markets. In that context, the Ministry of Economy reinforced the Central Bank’s intervention capacity through a swap of peso-denominated bonds for exchange-rate-linked bills worth up to 2 billion dollars, with the aim of having tools to contain currency tensions.
Clarín noted that the Casa Rosada still holds to the idea that the opposition may try to destabilize the government and that the dollar occupies a central place in that concern. It also said that, within the Cabinet, there are more pragmatic sectors that remain uneasy about the social deterioration, although Milei rules out changing the rules to support consumption and maintains an inflexible stance toward those who suggest adjustments.
The newspaper also highlighted that the President celebrated the inflation slowdown reported by Indec for August, with a price increase of 17%, the lowest reading in 14 months. At the same time, it pointed out that other indicators showed a delicate picture: a drop in construction and industry, a reduction in the number of employers, an increase in the basic basket and rising delinquency.
On the political front, the opposition managed to move forward in the Chamber of Deputies with a session to debate bills linked to delinquency and the extension of the Disability Emergency. According to Clarín, that move took place against the backdrop of a series of contacts between Peronist leaders during a tribute to José Manuel de la Sota, where, among others, Martín Llaryora, Juan Schiaretti and Sergio Massa were present.
The same outlet added that the pieces are also moving within Peronism ahead of 2027. While Cristina Kirchner awaits developments for October after a presentation before a UN human rights commission, those around her are weighing the possibility of a future candidacy. Clarín also indicated that Máximo Kirchner is promoting that alternative and that, at the same time, he is working alongside the former president to push Axel Kicillof out of the presidential race.
Sources
About this note. Written by El Notero with assistance from artificial intelligence, based on what was published by the cited outlet. El Notero did not conduct its own reporting on this event.
