Milei Picks Architect of Argentine Borrowing Boom to Run Economy

Javier Milei’s choice of Luis Caputo as his economy minister is a gesture of reassurance to those who were worried about the radical libertarian president-elect’s unorthodox economic proposals. It’s a signal of his willingness to work with the market-friendly center-right establishment. It will also send a positive sign to bondholders, who seem to like Caputo.

Caputo was the finance minister for Mauricio Macri and ran the negotiations with bondholders that paved the way for a return to international markets in 2016. Of course, he then oversaw the wave of Argentine borrowing that ended in default just a few years later ...