Argentina's Caputo keeps door open to Wall Street return but bets on local debt market
Argentina's Economy Minister Luis Caputo said the country could return to international debt markets if conditions improve, but that he wants to deepen the local capital market first. Caputo said the aim is to cut reliance on foreign credit.
Argentina's Economy Minister Luis Caputo said the country could return to issuing international debt if conditions allow, but that deepening the local capital market sits at the centre of his strategy.
Caputo said the government wants to cut its reliance on foreign credit and broaden the domestic borrowing base. Any return to international markets, he said, would depend on cost and interest-rate conditions.
Argentina has grappled for years with high inflation and currency controls. Investors are watching the government's debt-management and market-access steps as a gauge of the country's search for macroeconomic stability.
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