U.S. Treasury Secretary Scott Bessent said he met with Argentine President Javier Milei on Monday to underscore the Trump administration’s full support for economic reforms that were bringing the Latin American country “back from the precipice.”
Bessent also commended Milei for working to reduce barriers towards reciprocal trade with the United States, Treasury said in a statement about the visit.
In an interview with Bloomberg TV after his meeting with Milei, Bessent said the Trump administration was focused on helping Latin American countries avert what he called “rapacious” agreements made by China in Africa.
Argentina on Friday sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund after dismantling key parts of its years-long currency controls. It also announced a $12 billion loan program with the World Bank and a separate $10 billion deal with the Inter-American Development Bank.
“I wanted to come here today to show support for President Milei and his commitment … to what I think is historic in terms of bringing Argentina back from the precipice,” Bessent said in the interview.
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