Overview
- Finance Secretary Pablo Quirno announced a sovereign debt repurchase designed to lower financing costs and channel savings to education, naming JPMorgan as the adviser on the operation.
- Banco Ciudad director Delfina Rossi questioned the choice of JPMorgan in a post on X, invoking Luis Caputo's prior employment there to suggest a conflict of interest.
- Caputo rebutted on X by saying he could earn far more in the private sector, noted that two of his children work with him without pay, and accused Rossi of holding her public position by 'acomodo' and 'chorear' a salary.
- President Javier Milei publicly endorsed Caputo's response, posting 'Masterclass de Toto' on X.
- Rossi defended her board seat as an opposition appointment by the city legislature and escalated her criticism of Caputo's finances and conduct, while reports noted no formal inquiry or change to the announced buyback.