Overview
- Economy Minister Luis Caputo briefed British companies that the government will send a package of laws to extraordinary congressional sessions at year-end.
- He highlighted labor reform and a Presunción de Inocencia Fiscal initiative as tools to encourage formalization and job creation, alongside planned tax reductions.
- Caputo emphasized capital-market development and argued that growth should come through credit rather than relying on a higher exchange rate.
- Business representatives welcomed national tax cuts but warned that heavy provincial and municipal levies still distort competitiveness.
- Officials said investor interest and project timelines have accelerated since October’s legislative elections, and Caputo publicly denied reports of a US$20 billion rescue deal with U.S. banks.