In a private conversation in Buenos Aires, the head of the largest investment bank in the US highlighted the country’s potential and called for clear rules and predictability to attract capital. He valued the rapprochement between Milei and Trump and called for strengthening the bilateral relationship.
In a private conversation that lasted more than an hour at the local office of JP Morganits CEO, Jamie Dimonanalyzed the link between USA and Latin Americaand highlighted the joint work they have been doing Scott Bessent and Donald Trump in the region.
“It’s what has to be done. If I were president, I would travel to Latin America every year“, he stated before a small group of attendees, as he learned Scope, alluding to the need for Washington reinforces its presence and leadership on the continent.
Although he avoided delving into the bilateral relationship between USA and Argentina or about possible ongoing negotiations, the banker stressed the urgency of guaranteeing legal security and predictability to attract investments to the country.
“A lot of capital would want to return to the country if it did not fear being confiscated“, he warned, in a context where the main US banks demand greater guarantees before moving forward with US$20 billion fund which is negotiated with the Argentine government.
“The opportunity is enormous”
In relation to the bank’s operation in the country, Dimon highlighted the sustained growth of JP Morgan Argentina in recent years. “We triple our size in the country“, he assured, and stressed that Argentina has enormous potential.
“They have professionals, land, education… even meat”he joked, in what seemed like a nod to the commercial rapprochement with the US.
Already at the political level, he stressed that Argentina has a real opportunity to become a strategic partner from Washington. “Argentina should be an ally of the US; Trump and Milei are close, and I celebrate that effort to shorten the distance”, he concluded.
Washington vs. Beijing: a region in dispute
Dimon compared the American presence in Latin America with the Belt and Road initiative promoted by Chinaand reflected the concern of businessmen and regional officials regarding the absence of a clear strategy from Washington to accompany economic development.
He recalled that the Chinese initiative -based on free trade, investment in infrastructure and international cooperation- It has been consolidated in recent years as one of Beijing’s most ambitious and long-lasting projects, reinforcing its influence in Latin America.
Source: Ambito
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