Caputo rules out devaluation to boost competitiveness

Economy Minister Luis Caputo defended the government’s economic program on Tuesday at the opening of the annual Conference of the Argentine Industrial Union (UIA, in Spanish), amid a historic fall in the country’s manufacturing sector. At a meeting with business leaders at the Golden Center in Parque Norte, Buenos Aires City, Caputo said that improving Argentina’s competitiveness requires cutting taxes, reducing regulations, and lowering financial costs. Argentina recorded the world’s second-worst industrial decline between 2023 — when Javier Milei took office —- and 2025, according to a…