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Milei, Caputo Hold Talks With IDB President After Buenos Aires Vote Triggers Market Rout

Leaders reviewed IDB programs during a scheduled visit focused on ongoing credit operations.

El presidente Javier Milei encabezó el encuentro con las autoridades del BID.
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Overview

  • The Casa Rosada meeting brought together President Javier Milei, Economy Minister Luis Caputo, Finance Secretary Pablo Quirno and IDB President Ilan Goldfajn, with additional attendees including Chief of Staff Guillermo Francos and economic policy secretary José Luis Daza.
  • Financial assets slumped after the provincial result, with Argentine stocks in New York down more than 20%, sovereign bonds off up to 11% and the country risk near 901 basis points.
  • Exchange rates jumped, with Banco Nación listing the official dollar at 1,390/1,450 pesos, the blue near 1,395, the wholesale at 1,450, and financial rates such as MEP at 1,445 and CCL at 1,448.
  • Goldfajn earlier presented a regional security and rapid‑response support plan totaling US$2.5 billion over three years alongside Security Minister Patricia Bullrich.
  • The IDB has previously outlined multi‑year support for Argentina of about US$10 billion over three years, including roughly US$3 billion in 2025, with a strategic pivot toward private‑sector financing through BID Invest and targeted public programs.