Overview
- At JPMorgan’s Argentina Week kickoff in Manhattan, President Javier Milei defended his fiscal adjustment and market-opening program before hundreds of bankers, CEOs and investors.
- JPMorgan CEO Jamie Dimon praised Milei’s overhaul, citing regulatory clarity, an end to debt monetization, rising reserves, a near-zero deficit and inflation slowing toward 2% monthly, calling Argentina a potential model for others.
- Milei used the forum to condemn parts of the domestic business elite, naming Paolo Rocca and Javier Madanes Quintanilla as beneficiaries of political privilege, a stance that drew confusion among some international attendees and anger from Argentine executives, according to reports.
- Foreign Minister Pablo Quirno framed Argentina as a reliable partner and a global reference for economic openness, highlighting competitive opportunities in energy, critical minerals, agroindustry and the knowledge economy.
- The delegation of 11 governors underscored political cohesion while promoting provincial projects, as the agenda moves to Bank of America with Economy Minister Luis Caputo set to detail the plan alongside central bank chief Santiago Bausili and sector panels on tech, banking, agribusiness and energy.