Argentina to give ‘golden passport’ to foreigners that make a $350,000 contribution to its treasury

Economy Minister Luis Caputo unveiled the so-called “golden passport” scheme at an investor event in Paris, saying applications are expected to open before the end of the year. Applicants have two options: make a nonrefundable $350,000 contribution to the Argentine Treasury or invest $800,000 in a new government bond that must be held for seven years. Contributions would increase depending on family size, with a family of four expected to pay $500,000, officials said. Securing dollars is critical for Milei as he prepares to seek reelection next year. Argentina’s Treasury faces nearly $25 billion in foreign-currency debt payments coming due…