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Argentina Names JPMorgan for Debt Buyback as Caputo–Rossi Clash Commands Attention

Officials brand the operation 'Debt for Education,' presenting it as cost‑saving financing for schools.

Overview

  • Pablo Quirno announced the start of negotiations for a sovereign debt repurchase and designated JPMorgan as advisor.
  • Finance officials describe the plan as replacing market bonds with lower‑rate multilateral loans, with savings earmarked for long‑term education investment.
  • Delfina Rossi criticized the choice of JPMorgan and cited Luis Caputo’s past work at the bank, alleging a conflict of interest.
  • Caputo responded on X with personal attacks, saying Rossi holds her post by political favor and adding, “Ojalá los argentinos no tengamos que mantener a tus hijos también.”
  • President Javier Milei publicly backed Caputo with a “Masterclass de Toto” post, as the exchange trended and fueled debate over public‑private ties in debt management.