Argentine President Milei Seeks Financial Support in US Meeting with Trump

Argentine President Javier Milei traveled to the United States to meet with Donald Trump, seeking to bolster confidence in Argentina's economy amid ongoing financial challenges. The unscheduled trip follows discussions between Argentine Foreign Minister Gerardo Werthein and U.S. Secretary of State Marco Rubio regarding Argentina's economic priorities and collaboration. Milei's visit coincides with Argentina's negotiations with the International Monetary Fund (IMF) for a $20 billion loan, aimed at stabilizing the country's economy. Argentina's debt to the IMF is approximately $40 billion. The Central Bank of Argentina (BCRA) has experienced significant losses in its efforts to control the dollar's exchange rate. The IMF board is scheduled to meet on April 21 to consider the new loan. During his visit to Mar-a-Lago, Milei will receive an award from Make America Clean Again (MACA). The meeting with Trump is viewed as an attempt to reassure markets amid concerns about a potential devaluation of the Argentine peso. The current economic policies have led to Argentina becoming one of the most expensive countries in Latin America, impacting local production and prompting some multinational corporations to leave the country.