Santiago Bausili is set to become the governor of Argentinas central bank after Javier Mileis presidential inauguration on December 10.This decision comes from sources familiar with the matter.Bausili, a respected economist, previously served as the undersecretary of finance and later as the finance secretary under Mauricio Macris administration.His experience includes over a decade at JPMorgan, focusing on capital markets and derivatives marketing in Argentina, Chile, and Peru.He later joined Deutsche Bank as a debt origination director, showcasing his expertise in international finance.Bausilis appointment creates a formidable team of mainstream conservative economists.
He will work alongside the market-friendly incoming Economy Minister, Luis Caputo.Bausili to Lead Argentinas Central Bank.
(Photo Internet reproduction)This partnership aims to balance Mileis libertarian policies.During his campaign, Milei pledged to eventually dissolve the central bank and implement dollarization to combat inflation.However, he has since taken a more pragmatic stance, prioritizing reducing fiscal deficits.Bausili and Caputo share a history beyond government roles, co-founding the consultancy firm Bunker and working together at Anker.This collaboration suggests a strong economic team under Mileis presidency.
Bausilis appointment was announced after a key meeting at the Libertador Hotel.This meeting included Milei, Caputo, and Federico Furiase, another future member of the economic team.Bausilis upcoming role is pivotal in navigating Argentinas economy.His past support for a fiscal moratorium and minimal intervention in the foreign exchange market aligns with Mileis vision.These views, especially relevant during IMF negotiations in 2019, will guide his leadership at the central bank during a critical economic period.