US Treasury chief lauds Milei's 'bold agenda' in Buenos Aires visit

The United States has expressed support for Argentina’s ongoing economic program under President Javier Milei. During a visit to Buenos Aires, U.S. Treasury Secretary Scott Bessent confirmed backing for the country's recent agreement with the International Monetary Fund (IMF).The agreement includes $12 billion from the World Bank and $10 billion from the Inter-American Development Bank.

Scott Bessent, US Treasury Secretary said "Growth is up, inflation is down and poverty is in decline. But this change will only last if Argentina's friends lean their support. That is why the United States is proud to have supported the IMF program and the significant commitment from the World Bank and Inter-American Development Bank which will support the reform policies run by this government to accelerate the country's economic transformation."

It aims to ease financial pressure, liberalise currency controls, and stabilise markets. The Milei administration has focused on cutting the fiscal deficit and reducing inflation as part of its broader reform agenda.