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Argentina’s Congress Revives Privatization Oversight Panel, Demands Details From Luis Caputo

Its non-binding scrutiny raises political pressure on proposed sales of firms such as Nucleoeléctrica and AYSA.

Overview

  • The Bicameral Commission on State Reform and Monitoring of Privatizations held its constitutive meeting after a decade of inactivity and formally reactivated oversight.
  • Senator Juan Carlos Romero was elected chair and advanced information requests to Economy Minister Luis Caputo on ongoing transfers and concessions.
  • The requests seek detailed data on Intercargo, Belgrano Cargas, Operadora Ferroviaria, Corredores Viales, YCRT, Nucleoeléctrica Argentina (NASA) and AYSA.
  • Lawmakers highlighted Nucleoeléctrica’s strategic role and asked how the Executive will value intangible assets like specialized personnel given a reported plan to divest 44% of the company.
  • Romero’s motion won backing from Kirchnerist members and drew no objections from other blocs, and although the commission’s findings are not binding they could complicate timelines if they flag irregularities.