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Milei's economic team: which officials have already been appointed and which key positions still need to be filled

2023-12-01T16:10:52.864Z

Highlights: Milei's economic team: which officials have already been appointed and which key positions still need to be filled. After the comings and goings at the Central Bank, it is not yet defined who will occupy that position. Nor who will be in charge of the Treasury, the AFIP and the CNV, among other functions. Nine days before the starting line, Javier Milei is still filling the lockers of all the official offices. Some are more vital than others and the race is against the clock.


After the comings and goings at the Central Bank, it is not yet defined who will occupy that position. Nor who will be in charge of the Treasury, the AFIP and the CNV, among other functions.


Nine days before the starting line, Javier Milei is still filling the lockers of all the official offices. Some are more vital than others and the race is against the clock.

In the economic area, the current ministries of Economy, Agriculture, Public Works and Transport will be concentrated in two, Economy and Infrastructure, and the areas currently managed by these two agencies will be regrouped differently.

Ministry of Economy

Minister: Luis Caputo

The future president has already crossed off the post of economy minister, which will be filled by Luis "Toto" Caputo, the former finance secretary and president of Mauricio Macri's Central Bank. The so-called "Messi of Finance" went to Cardenal Newman School, studied Economics at the University of Buenos Aires and worked for years as head of trading at JP Morgan and Deutsche Bank.

Luis "Toto" Caputo, future Minister of Economy of the Nation. Photo: AFP

Secretariat of Economic Policy (Deputy Minister): The position currently held by Gabriel Rubinstein could go to Joaquín Cottani, former undersecretary of financing under Domingo Cavallo until 1996 and current managing director of Standard & Poor's. However, from his experience, he also sounds like a candidate for the Ministry of Finance. Pablo Quirno, who worked alongside Caputo when he was finance secretary, was also mentioned for that position.

Joaquín Cottani.

Secretariat of Industrial Competitiveness: This is the name under which the current Secretariat of Industry will function. The former manager of General Motors, Federico Ovejero, was working in this area, along with Alejandro Cosentino and Javier Cardini, who could also be candidates for the position. Cosentino also has a chance of going to the Secretariat of Innovation, which will report to the Chief of Staff and will be in charge of the cuts, in a position for which Federico Sturzenegger was also mentioned.

Federico Ovejero was a former executive of General Motors. Photo: Rafael Mario Quinteros

Ministry of Infrastructure

Minister: Guillermo Ferraro

During the second part of the campaign, he was in charge of the audit. He is a former official of Eduardo Duhalde and Cambiemos en la Ciudad. He headed the consulting firm KPMG until April. Under its umbrella will be the areas of Energy, Agriculture and Transport.

Guillermo Ferraro will be the Minister of Infrastructure in the government of Javier MIlei.

Eduardo Rodríguez Chirillo, a lawyer from the UCA, worked in the Ministry of Energy, headed by Carlos Bastos, in the first government of Carlos Menem, when the State reform, deregulation and privatization were executed. He is a founding partner of the international consulting firm ERC specialising in electricity, renewable energies, gas and oil.

Eduardo Rodríguez Chirillo, the future Secretary of Energy.

Secretariat of Bioeconomy (formerly Agriculture): Fernando Vilella was confirmed in charge of the area. To take over from Juan José Bahillo, he ceased to be a full professor of Agribusiness at the Faculty of Agronomy of the University of Buenos Aires after 48 years in that position. His team is made up of Pedro Vigneau (he will be chief of staff), Germán Paats (secretary of Agriculture, Livestock and Forestry) and Agustín Tejeda (Agricultural Markets).

Fernando Vilella.

Ministry of Transport: When Ferraro met with the current officials to discuss the transition, he brought his technical team to the meeting and the reference in the area of transport was Franco Mogetta, current secretary of the Córdoba area. However, it has not yet been officially confirmed.

Mining Secretariat: In this area, the specialist who accompanied Ferraro was the lawyer Sergio Arberche, although another name in dance is that of Mario Capello, a mining engineer from San Juan, who was undersecretary of Mining Development during the Macri government.

Anses: Economist Osvaldo Giordano, Cordoba's finance minister since 2015, will go to this body. His first position alongside the governor of Cordoba, Juan Schiaretti, was as secretary of Social Welfare of the province, between 2007 and 2015. He was confirmed at the place that had initially been offered to Carolina Píparo.

Osvaldo Giordano. Photo: Federico López Claro

YPF: It was one of the first definitions of Milei. The libertarian put Horacio Marín in charge of the oil company, which, he said, he hopes to privatize. To assume the position, Marín resigned from the Exploration and Production Directorate of Tecpetrol, the oil company of the Techint group.

Horacio Marín made a career at Tecpetrol and will lead YPF.

Key Positions That Are Still Vacant

Central Bank: Initially, the person who was going to occupy the Central Bank of the Milei era was going to be Emilio Ocampo. But it was lowered when Caputo was shaping up for Economy and the dollarization plan was deflating. Then, it was said that Caputo was going to work in tandem with Demian Reidel at the Central Bank. But this idea did not prosper and Milei and Caputo are still looking for candidates for that seat. Santiago Bausili, Caputo's partner in the consulting firm Anker (which is currently deactivated) and Macri's former finance secretary, and Pablo Quirno are also sounding for this position.

Ministry of Finance: the position currently occupied by Raul Rigo is in charge of taking care of the public accounts and will be key to the deficit cuts that Milei foresees. They tempted several economists – from Daniel Artana to Nicolás Gadano – for this position without success. The position of head of the economic cabinet is also vacant, although Juan Pazo (former superintendent of insurance) has been holding meetings with officials who mentioned him for that position. Another former Caputo collaborator, Guillermo Plate, is also working on the transition.

AFIP: This is another area that could help Milei reduce the deficit, although on the side of rising revenues. This mentioned the tax lawyer Liban Kusa, a partner at the Bruchou & Funes law firm in Rioja; Andrés Ballota, currently head of the AGIP in Buenos Aires, and Marcos Sequeira, a tax expert from Cordoba.

INDEC: the agency in charge of statistics is already in order and has left behind the suspicions of manipulation headed by Marco Lavagna. There was no mention of any names to replace him or whether he will keep his position.

Other important positions in the economic organization chart that are not covered are Customs, PAMI, Banco Nación and CNV, in addition to the state-owned companies (Airlines, Arsat, Invap, Intercargo, Télam, Aysa) which, as long as they are not privatized, must continue to be managed.

NE

Source: clarin

All business articles on 2023-12-01

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