Executives from Citi, Goldman and Barclays come to Argentina to see firsthand what Javier Milei is doing

Some of the largest Wall Street banks will visit Argentina just when Javier Milei tries to recover from the great defeat that the Omnibus Law project suffered in Congress last Tuesday.

Debt bonds carry three days of falls -This Friday they started with the negatives. However, they are there interest for banks and investment funds international opinion on the direction of the country.

Representatives of Goldman Sachs Group and Barclays They will arrive in Buenos Aires next week, as published by the news agency Bloomberg. Both companies were invited a small group of customers to join, added the people, who declined to provide further details.

The director who arrives in the country next week is also expected to do so number one at Citigroup, Jane Fraser, said a person with direct knowledge of the matter. Fraser’s last visit dates back to the period of the Mauricio Macri administration, when the group’s then CEO, Michael Corbat, came and the executive ran Latin America.

All companies are expected meet government authorities, as representatives of the office of President Javier Milei, the Ministry of Economy and Central Bank.

The visits by representatives of major US banks come days after President Milei’s iconic reform package stalled in Congress due to lack of support.

Goldman Sachs called on Wednesday a virtual call between his clients and Federico Sturzenegger, one of Milei’s main advisors and who deserves credit for having prepared the Omnibus law, where he spoke of the delays that legislative backtracking could generate. On the other side of the webcast were Alberto Ramos, chief economist for Latin America, and Gonzalo Tanoira, regional advisor for Argentina at the bank.

The fall of the law dented the rally observed in bonds since Milei was elected on the promise of radical change to bring the economy back from the brink of a sixth recession in a decade.

Javier Milei spoke last week with Larry Fink, the number one at BlackRock, the largest investment fund in the world, who confirmed that he will travel to Argentina in May to pursue possible investment projects.

In turn, the Minister of Economy, Luis Caputo, received Robert Citrone, head of Discovery Capital Management, last week.