Luis CaputoMinister of Economy joined the president’s trip Javier Milei to the United States, where they will be part of a Forum of CEOs from around the world, in the city of Los Angeles between May 5 and 8.
The global conference of Milken Institutea forum that brings together 4,500 participants – including senior officials, CEOs of the world’s 500 largest companies and investment funds – will be where Milei will present his libertarian program.
In its fourth trip to the United States Since he took office in December, the head of state will be accompanied by his sister Karina Mileiand the Chief of Staff, Nicolas Possein addition to the last-minute addition of Caputo.
Former President Bill Clinton, IDB President Ilan Goldfajn will participate in the conference; Joe Biden’s regional advisor, Christopher Dodd; the head of the New York Federal Reserve, John Williams; Tesla CEO Elon Musk; Exxon Mobil’s Darren Woods; Chevron’s Michael Wirth, CEO Franklin Templeton; the CIO of BlackRock, James Keenan, and the CEO of Wells Fargo, Charlie Scharf, and executives from JP Morgan, as well as US congressmen and officials from Arab countries, such as Saudi Arabia and Dubai.
Milei’s agenda in the United States
Milei is at the top of the list of exhibitors and will open Monday lunch with his speechas a guest of the event’s executive director, Conrad Kiechelwhile Caputo will also give a talk. The president is expected to return to the concepts he developed in previous international exhibitions.
After challenging global leaders in Davos, Milei attended the US conservative summit in February, where he greeted Donald Trump and called for “not to let socialism advance”, calling himself “the first liberal libertarian president of the humanity” when visiting Florida International University in April, and is now expected to use a similar format during the event that runs from Sunday to Wednesday.
Furthermore, it is not ruled out possible meeting with the managing director of the International Monetary Fund, Kristalina Georgieva, as well as with the president of FIFA, Gianni Infantino.
In search of getting out of the trap
Government is still looking for funds for about US$ 15,000 million to get out of the trap, a promise that in recent hours was criticized by the influential Wall Street Journal. For her part, Milei said that she could get up “at some point in the year,” but that she needs to reduce the Central Bank’s debt.
And it also lacks reserves after payments to the Fund for US$ 2,000 million and the tensions to refinance the tranche of the swap with China that expires in June.
According to a former Central Bank official, the IMF would be willing to lend to Milei to eliminate capital controls and allow dollars to enter. But it would not do so until Argentina guarantee that you will not use those dollars to pay China.
