US announced support for Argentina at multilateral development banks

Friday, January 22nd 2016 - 04:15 UTC

Full article 4 comments

The United States is ending its policy of opposing most lending to Argentina from multilateral development banks, the US Treasury Department announced. US Treasury Secretary Jack Lew informed Argentine Finance Minister Alfonso Prat-Gay of the move on Thursday when the two met in Davos, Switzerland, the department said in a statement. Read full article

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ElaineB
Of course the U.S. wants to work with Argentina now the Kirchners are out of power. It was always going to be a turning point for Argentina to get rid of the K's - especially CFK. There is no hatred of Argentina or Argentines, just a reluctance to deal with the gangster government they had.
Jan 22nd, 2016 - 10:34 am - Link - Report abuse 0
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chronic
What could rottingroadkill possibly have to offer the US?

Nada.

Call your chinese and russian friends.
Jan 22nd, 2016 - 08:54 pm - Link - Report abuse 0
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yankeeboy
The new president brought a member of the opposition with him. That's what we've got to do at home.”
Smilin' Joe is retarded and living in lala land like the rest of the Dems.
Odumbo didn't even have Boehner's phone number when he was elected Speaker.

Basically they said get everything worked out with your default and we'll stop blocking your loans.
Seems fair.
Jan 23rd, 2016 - 03:12 pm - Link - Report abuse 0
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Marti Llazo
There are undoubtedly ulterior motives in the appearance of the kissy-kissy attitude from the US, beyond the good-riddance congratulations for disposing of the Kirchner reign. One is increased US exports to Argentina, already rather positive for the US. Another is the usual desire to bring their war on drug trafficking back to Argentina.

Despite the Kirchnerist meddling in trade constraints, recent exports from the US to Argentina have typically been two or three times greater than Argentine products exported to the US. Part of that imbalance has been because of Argentina's lack of modern technology, its high labour rates and other generally non-competitive nature, and the general lack of anything Argentine that is needed in the US. The devaluation of the ARS isn't likely to lead to any big increases in Argentine exports to the US. And if Argentina thought it was going to make big bucks in the petroleum export trade, well, not in our lifetimes.
Jan 24th, 2016 - 06:30 pm - Link - Report abuse 0
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