Trump Warns Argentina: US Will Not 'Waste Our Time' if Milei Loses
In a high-stakes diplomatic move, President Donald Trump warned Argentina that the United States would not provide financial assistance to the country if libertarian leader Javier Milei's party does not prevail in upcoming elections.
Speaking at the White House on Tuesday, Trump acknowledged that a $20 billion US lifeline aimed at calming Argentina's currency crisis was an attempt to sway legislative elections scheduled for October 26. "The election is coming up very soon," he said. "It's a very big election."
Trump emphasized the importance of Milei's victory, stating, "Victory for Milei is very important. Your poll numbers I hear are pretty good. I think they will be better after this." Milei praised Trump's efforts, saying that his policies would lead to "prosperity" in Argentina.
Argentina's financial turmoil has been a concern for the international community, with many experts warning of a potential economic crisis if the country's currency continues to plummet. The US assistance package is seen as an attempt to stabilize the Argentine economy and boost Milei's chances in the election.
The background to this situation lies in Argentina's ongoing economic struggles. The country has been grappling with high inflation rates, a struggling peso, and a growing debt crisis. In 2022, Argentina defaulted on its foreign debt for the second time in two decades, sparking concerns about the country's ability to service its debts.
Milei's cost-cutting, free-market reform agenda has gained popularity among Argentine voters, who are seeking a solution to their economic woes. However, his party faces stiff competition from other candidates, including those from the ruling Peronist coalition.
International observers have been watching Argentina's election closely, with many seeing it as a test of the country's democratic institutions and its ability to navigate complex economic challenges.
In related news, the International Monetary Fund (IMF) has expressed concerns about Argentina's debt sustainability and has called for more transparency in the country's financial dealings. The IMF has also urged Argentina to implement structural reforms aimed at stabilizing its economy.
As the election approaches, the international community will be watching closely to see whether Milei's party can maintain its momentum and secure a victory that would pave the way for US assistance.
*Reporting by Bbc.*
