US President Donald Trump spoke with Argentina's leader Mauricio Macri on Wednesday and voiced support for the country's economic reforms, the White House said in a statement.
Trump and Macri discussed important Argentine economic reform measures implemented by President Macri, and also discussed regional challenges, a White House spokesman said in a statement.
President Trump expressed strong support for President Macri's pro-growth economic agenda and the strides he has made in modernizing the Argentine economy.
Macri, under pressure over a misfiring economy six months ahead of presidential elections, has implemented series unpopular austerity policies to try to restore stability in the face of soaring inflation, huge debt obligations and a currency crisis.
The measures came in exchange for a US$ 56 billion loan from the International Monetary Fund. An IMF team is currently in Buenos Aires to review the government's performance under the terms of the loan.
The nation's embattled center-right president is seeking agreement on a 10-point list of reforms with the country's main political and social leaders that includes maintaining fiscal stability, boosting exports and reducing taxes.
Inflation has reached 55% and the IMF estimates the economy will contract 1.2% this year, after falling 2.5% in 2018.