Citigroup's number one, Jane Fraser, will meet this Friday with the Chief of Staff, Nicolás Posse, and the Minister of Economy, Luis Caputo, at the Casa Rosada.
It will be the first visit to the country by the CEO of the largest financial services bank in the world since the beginning of Javier Milei's administration last December.
The meeting, in which the President could also participate although it is not yet confirmed, is part of the contacts that a group of Wall Street banks and investment funds interested in Argentina will begin this week and
learn about the government's next steps after the failure. of the omnibus law in Congress.
After Bloomberg anticipated days ago the visit to the country starting this week by Goldman Sachs, Barclays, HSBC and Citi, Clarín was able to confirm these trips and the meeting that will take place this Friday with the largest financial services bank in the world.
Fraser's last visit was during Mauricio Macri's administration.
Wall Street banks organize missions for their clients, which are investment funds, every year.
Many traveled this year to the region, where they have assets, and now Argentina is a destination that arouses both curiosity and caution.
"They travel every day, each on their own," said a source from New York.
In a talk in which Clarín participated in December, the head of Investment Strategy in Latin America at Citi, Jorge Amato, and the head of Investment Strategy and chief economist of the entity, Steven Wieting, were enthusiastic about the new government, but they warned that the promised adjustment was difficult to carry out.
From the New York-based bank, they expected a strong devaluation - which ended up happening - and estimated that Argentina could need funds of US$ 30,000 million in 2024 to carry out its reforms, today in doubt due to the obstacles in justice to the reform. labor of the DNU and the fall of the omnibus law.
Upon his return to Argentina, Milei promised this Tuesday to “continue having the chainsaw against the political caste in operation,” after traveling to Israel and Italy.
Now, La Libertad Avanza hopes that the President defines the legislative projects with which he will seek to resume the spirit of the law rejected by Congress.
Although the Government made progress in cuts to the provinces, dollar bonds closed last week with drops of up to almost 7%.
"It is time to see concrete measures implemented, not to listen to spectacular plans, a consistent fiscal and monetary macro plan is missing," they said from a background in New York.