Trump says he will support Milei’s reelection

US support has had immediate effect. Today, the country’s risk of Argentina, which had reached its apex within a year, reached more than 1400 points last week, fell to a thousand; Argentine titles rose 3% on Wall Street after a sequence of falls.

Argentina negotiates with the United States through the Central Bank Treasury Secretariat, a loan, to pay debts that win in the coming months. What will be essential to calm the market before national legislative elections on October 26. and avoid a currency crisis that may undermine Milei’s economic plan. The goal would be to make it easier for Argentina to have reserves to be able to pay a $ 4 billion debt, which wins in January 2026 and another $ 4.5 billion, which wins in July.

A meeting with the director of the IMF (International Monetary Fund) Kristalina Georgieva is also planned. It will be the first meeting between Milei and Georgieva after the agreement held in April, in which the IMF held new credit to the Argentine government. The US Economic Support to Argentina is also good news for the IMF, whose reserve goals indicated stumbling.

This afternoon, Argentine Economy Minister Luis Caputo announced that the World Bank will “deploy up to $ 4 billion in the coming months” in economic support to the country.

The US Economic Suppair reveals the ideological and personal relationship between the two presidents. Argentina, under Milei, also emerges as a possible ally of Donald Trump in its attempt to prevent the expansion of China in Latin America and the influence of Brazil- ally of the Chinese- in the region.

The column found that China’s influence on Argentina was the subject of conversations between White House and Casa Rosada employees. Since last year, the US presses the Argentine government to reduce Chinese expansion in the country. A few months after assuming as president, Milei pledged to audit at a Chinese space station after pressure from the US.