Argentina’s assets experienced a sharp decline in recent days due to heightened selling pressure amid a complex political tension. This tension stemmed from verbal exchanges between the central government and some provincial governors over fund disbursements from the national treasury.

The situation escalated to the judiciary, as publicly stated by the governors of the Patagonian province of Chubut and the strategic Province of Buenos Aires. Meanwhile, a federal judge ruled in favor of Chubut and ordered the suspension of fund cuts, while the government prepares an appeal. Local media suggest that the case may be elevated directly to the Argentine Supreme Court.

During his working sessions at the G20, Caputo will take part in panel discussions on “The Role of Economic Policies in Addressing Inequalities: National Experiences and International Cooperation” and “Global Perspectives on Growth, Employment, Inflation, and Financial Stability.”