Photo: Anderson Peres, PexelsPhoto: Anderson Peres, PexelsArgentina
Caputo rules out peso devaluation and outlines new measures to cut business costs
Argentina's economy minister is holding to currency stability while promising tax and regulatory relief for manufacturers hit by a sharp industrial decline.
What happened
Economy Minister Luis Caputo told industrial leaders in Buenos Aires that the government will not devalue the peso to boost export competitiveness. vespernews.com+1 Caputo argued that abandoning currency stability would undo progress in taming inflation and rebuilding investor confidence. vespernews.com He outlined measures to ease costs, including steps to simplify tax compliance and cut bureaucratic hurdles. vespernews.com Speaking at the opening of the annual Conference of the Argentine Industrial Union, Caputo said improving competitiveness requires cutting taxes, reducing regulations and lowering financial costs. Buenos Aires Herald He said devaluation would not lower the so-called Argentine cost of doing business, describing it as impoverishing. Buenos Aires Herald
Around it
Some exporters and economists have pushed the government to loosen its currency band, arguing a relatively strong peso has made Argentine goods pricier abroad. vespernews.com Argentina recorded the world's second-worst industrial decline between 2023 and 2025, with manufacturing falling 7.9%, according to a report by consultancy Audemus based on United Nations data. Buenos Aires Herald
Sources
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- Photo: Anderson Peres, Pexels
Photo: Buenos Aires Times- Photo: Anderson Peres, Pexels