He Secretary of the United States Treasury, Scott Besent, returned to praise on Wednesday the Reforms of President Javier Milei and said that “Argentina deserves the support of the IMF”, although “not all countries deserve it” and that “the agency must cause countries to accounts for the implementation of economic reforms.”
Besent, who on Monday of last week was in Buenos Aires, spoke on Wednesday at a conference organized by the Institute of International Finance (IIF), one of the many meetings that are held in Washington in parallel to the IMF assembly and world Bank This week, which brings together the Ministers of Economy and Heads of Central Bank from around the world.
In another meeting on Tuesday, organized by JP Morgan, Besent had also talked about Argentina and said that, if there were “some type of external shock” that affects the country, The United States could give a special loan so that the country could continue with the reforms.
“I think, if they continue with what they are doing, if they keep the course, I would even be willing to use the exchange stabilization background (ESF) to soften your adjustment, if necessary, if you keep the course, ”he said on Tuesday. When he transcended the possibility of a credit from the United States, Argentine bonds went up In Wall Street and the rise he continued on Wednesday.
A day later, of that explicit support, Besent spoke again on Wednesday in Argentina, although he began with a general panorama about the task of the fund. “When done in a responsible manner, The IMF loans are the very core of their contribution to the world economy: When the markets fail, the IMF intervenes and makes resources available. In return, countries implement economic reforms to solve their balance of payments and support economic growth, ”he said in the IIF.
And he continued: “The reforms undertaken during these programs are some of the most important contributions of the IMF to a solid, sustainable and balanced world economy.”
-And there he talked about the country: “Argentina is a good example. I was in Argentina Earl this month To demonstrate the support of the United States to the efforts of the IMF to help the country to restore financially. Argentina deserves the support of the IMF because the country is making real advances in the fulfillment of financial indices ”.
“But Not all countries deserve it. The IMF must cause countries to accounts for the implementation of economic reforms. AND Sometimes, the IMF has to say no. The organization You have no obligation to grant loans to countries that do not apply reforms. Economic stability and growth should be the indicators of the IMF success, not the amount of money that the institution lends, ”said Donald Trump’s official.
Besent’s words were very welcome by President Javier Milei, who retweeted the video with the words of the US official, and also excited the Argentine delegation in Washington, headed by Minister Luis Caputo and the head of the Central Bank Santiago Bausili, who maintains full activity in the US capital.
Besent’s statements are interpreted as a new gesture of Trump’s government support for Argentine economic reforms and that would also seek to provide a regional message: The one who is a friend of the United States will receive backups and benefits.
Precisely the head of the Economy appeared on Wednesday at the same Auditorium of Besent before hundreds of investors convened by JP Morgan and who heard the praise of the Secretary of the Treasury the previous day.
Trump’s support It has been key in the approval of the new program with the IMF, which granted a disbursement of US $ 20,000 million and an advance of 12,000 million to leave the stocks.
