Argentina’s economy minister, Caputo, linked the recent rise in country‑risk premiums to investors’ fear of a possible governmental change in 2027. He suggested that concerns over the potential absence of Milei from power are influencing market sentiment. Caputo stressed that this political uncertainty adds to the already elevated risk levels. He also mentioned external factors that are contributing to the situation during a presentation to the Sociedad Rural Argentina. The combined effect, he argued, is keeping the risk rating high.