As Javier Milei looks to contain a run on the peso ahead of critical midterm elections, Argentina’s libertarian president has turned to Washington for help.
Donald Trump’s administration, eager to support a political ally, has obliged with a series of unusual manoeuvres, led by Treasury secretary Scott Bessent, aimed at supporting the peso and Milei’s troubled government.
“We do not want another failed state in Latin America, and a strong, stable Argentina as a good neighbour is explicitly in the strategic interest of the United States,” Bessent wrote on X on Tuesday.
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