U.S. Backs Argentina as Hemisphere Beacon to Prevent Regional Instability
The United States is bolstering Argentina as a key ally in the Western Hemisphere, aiming to prevent regional instability akin to Venezuela's plight. Treasury Secretary Scott Bessent expressed support for President Javier Milei, highlighting collaborative economic strategies and upcoming high-level discussions for financial assistance.
U.S. Treasury Secretary Scott Bessent has underscored America's support for Argentina, touting it as a 'beacon' for stability in the Western Hemisphere. In an interview with CNBC, Bessent highlighted the opportunity to prevent Argentina from following in the footsteps of economically struggling states like Venezuela.
Bessent praised Argentine President Javier Milei for his effective leadership and expressed confidence in Milei's prospects in forthcoming elections. The U.S. aims to assist Milei through non-monetary means, such as a swap line, facilitating immediate economic support without direct funding.
Aligning with forthcoming discussions between President Donald Trump and Milei, Bessent also hinted at meeting Argentina's Economy Minister, Luis Caputo, in Washington. This dialogue is expected to solidify financial collaboration aimed at bolstering Argentina's economic stability and regional influence.
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