The US Treasury Secretary, Scott Besent, once again praised the management of Javier Milei and said that Argentina “The support of the IMF deserves”. In this sense, the American official – who was in the country last Monday, April 14 – explained that he sees “Real advances in compliance with financial parameters.”
The support of Scott Besent to Argentina
In his words, The US Treasury Secretary Not only backed Milei’s measures, but also referred to the role of the International Monetary Fund (IMF). “When they are carried out responsible, IMF loans are fundamental for their contribution to the world economy: When the markets fail, the IMF intervenes and facilitates resources “he explained.
“In return, countries implement economic reforms to solve their balance of payments and boost economic growth. The reforms undertaken during these programs are some of the most important contributions of the IMF to a solid, sustainable and balanced world economy“He added.
In line with these comments, he explained that Argentina deserves the support of the IMF, but this is not the case of all countries. “But Not all countries deserve it. The IMF must demand responsibilities to countries for the implementation of economic reforms. And sometimes the IMF should say no. The organization does not have the obligation to provide countries that do not implement reforms, “he said.
Besent’s support did not stay alone in the words. Last Tuesday, the American official said before investors that the White House was willing to grant the Milei government a direct credit line in case there was an international shockin the middle of a tense climate for the reciprocal tariffs that Trump imposed. The funds from the United States Treasury Exchange Stabilization Fund.
The US Treasury Secretary arrived in Argentina to meet Javier Milei
It is not the first time that the management of President Donald Trump expresses his support for the Argentine government. The visit to the country of the US Secretary of the Treasury was another sample of this “strong support” to the economic policies carried out by the libertarian’s cabinet.
Last Monday, the secretary of the US Treasury and Milei met in a meeting in which Besent praised the progress of the economic plan after the departure of the stocks and according to the IMF and highlighted the negotiations to achieve a free trade agreement in the middle of the tariff war unleashed by Trump.
According to a statement released by the US Treasury, Besent “reaffirmed the full support of the United States to the bold economic reforms of President Milei and praised him for the prompt action of his government to reduce the barriers to reciprocal trade with the United States.” In addition, he indicated that he congratulated the president for the “recent and successful” negotiations of Argentina with the International Monetary Fund (IMF).
The text also indicates that Besent reiterated US’s confidence in Milei “To continue promoting the positive economic impulse of Argentina” And he transmitted that Argentina “can achieve a brilliant future for its population through economic policies that provide stability and growth to the workers of the country and the dynamic companies of the private sector.”
During his fleeting trip, the Trump official held an encounter with the president and visited the Minister of Economy and members of his team. Milei and Besent also recorded a joint statement. Later, the American will provide a journalistic interview and leave the country around 19.
For its part, the meeting in La Rosada ended, Milei crossed the Ministry of Economy to analyze with the economic team the results in the markets and in the behavior of the dollar after the first day without stocks.
Source: Ambito
