Scott Bessent said the US would be willing to offer credit line and that Malei should not hesitate as Macri
United States Treasury Secretary Scott Bessent praised Argentina’s economic policy and said Americans would be willing to offer a line of credit to President Javier Milei (La Libertad advancesright) If a “external shock”Threatened the economic resumption of the South American country.
The information was released to the news agency Reuters For a source who was present during a meeting of members of the Government of Donald Trump (Republican Party) in Washington. Bessent suggested the possibility of using the currency stabilization fund to help Argentina if necessary.
“I think that if they continue with what they are doing, if they keep in this course, I would be willing to use the stabilization fund to soften their adjustments. If something happened for external reasons, I think we in the treasure would be willing to intervene and help to soften things“, Dissing bests.
As reported, Bessent said that former Argentine President Mauricio Macri, who ruled the country from 2015 to 2019, had a “great opportunity“, but “hesitant”Macri determined orthodox economic reforms and had to resort to a $ 50 billion loan from the IMF (International Monetary Fund) in 2018, which did not help to get the country out of the crisis.
“Macri’s government had a great opportunity and I was a big fan of Mauricio, but he hesitated. And as soon as he hesitated, the market came and took it. My foreboding is that Milei will not hesitate”Said Bessent, according to the source heard by the Reuters.
Argentina is a grain producer and has an extensive lithium reserve in its territory. Milei and Trump are ideological allies and this makes Argentina an important US commercial and political partner in Latin America.
Milei faces an economic crisis in the country and tries to stabilize the economy. Among its main measures are the zero deficit policy and inflation control. In addition, the libertarian With the IMF in a comprehensive economic program that could be supported by a 48 -month agreement under the expanded financing mechanism.
The program supports Argentina’s new stage of stabilization and reform agenda, with the objective of establishing macroeconomic stability, reinforcing the solidity of external accounts and promoting more robust and lasting growth, even in the face of a more complex global context, the IMF explained.
