Caputo rules out devaluation to boost competitiveness
Speaking before industrial leaders, the economy minister defended his program and announced measures to help businesses La entrada Caputo rules out devaluation to boost competitiveness se publicó primero en Buenos Aires Herald .
Economy Minister Luis Caputo dismissed the idea of devaluation during his opening remarks at the Argentine Industrial Union's annual conference, highlighting that it would only harm workers. He insisted on improving Argentina's competitiveness through tax cuts, reduced regulations, and lower financial costs. Caputo pointed out that the manufacturing sector saw its worst decline in history between 2023 and 2025, falling by 7.9% - only surpassed by Hungary.
Despite this, Caputo defended the government's economic approach and refused to consider devaluation as a solution. He outlined necessary reforms, such as cutting taxes and improving infrastructure to sustainably boost competitiveness. Caputo emphasized the importance of macroeconomic stability and predictability for restoring investment and growth, stating that the country has been in a 14-year stagnation before President Milei's administration.
The economy minister outlined three pillars for the government's economic program: macroeconomic stability, reducing Argentina's high costs, and gradually extending Large Investment Incentive Regime (RIGI) conditions to all productive activities.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
