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Caputo Defends Milei’s Economic Program, Previews Possible $10 Billion Chevron Filing

The remarks double as a pitch to investors.

Overview

  • Economy Minister Luis Caputo, traveling with President Javier Milei in Los Angeles for the Milken Institute conference, said Argentina is on the right path and urged calm.
  • Caputo said Chevron executives told him they will send a project worth more than $10 billion under RIGI, an investment regime for large projects, though no formal filing has been made.
  • He outlined next steps that include cutting taxes, rolling back regulations, and offering incentives to draw capital to boost growth, jobs, and wages.
  • He argued the government fixed an inherited economic crisis without breaking contracts and said Argentina’s standing abroad has been normalized.
  • Looking to 2027, he predicted better economic conditions and said voters would reject a return to past policies, a message delivered as local polls report growing economic concern.