Argentina announces a new “golden passport” program that would offer citizenship to foreign nationals who contribute significant funds to the country. The scheme centers on large investments in Argentina in exchange for eligibility for citizenship.

Economy Minister Luis Caputo unveils the plan at an investor event in Paris, saying applications are expected to open before the end of the year. Under the proposal, the government describes options including making a $350,000 contribution to Argentina’s treasury or investing $800,000 in its bonds. The New York Times notes that similar programs in other small economies have generated substantial income, while also carrying risks tied to the citizenship route and the impact of capital inflows.

Both outlets present the program as an effort to attract foreign cash through high-value contributions, but they differ in emphasis: one focuses on the structure and planned timeline, while the other highlights broader concerns and comparisons to comparable schemes elsewhere.