The IMF’s latest substantial loan to Argentina — a country with a history of defaults now under the leadership of a close ally of Donald Trump – has raised concerns among many of the Fund’s senior decision-makers. It received approval nonetheless. Argentina’s new loan with the International Monetary Fund was approved even though it raised … Read more
US Treasury Secretary Scott Bessent indicated that the Trump administration might extend a targeted credit line to Argentina’s government should a global shock threaten President Javier Milei’s economic recovery, as reported by three sources familiar with his remarks. The US government is prepared to utilize the Exchange Stabilization Fund (ESF) to assist Argentina, provided that any … Read more
The Chinese Embassy responds to comments made by Bessent during his visit to Argentina. China’s Embassy in Argentina has issued a statement condemning US Treasury Secretary Scott Bessent, alleging that he has made “malicious slanders and libellous remarks.” In a recent statement from Beijing’s envoy in Buenos Aires, the Chinese government expressed strong dissatisfaction and … Read more