US Treasury Secretary Scott Bessent praised President Javier Milei's management in an interview at the Institute of International Finance, highlighting reserve accumulation and ten million people escaping poverty.
Scott Bessent, US Treasury Secretary in the Donald Trump administration, reiterated his support for Javier Milei. "He has had a fantastic success," he stated during an interview at the Institute of International Finance (IIF). He added that "this time it's different in Argentina" and the country "is accumulating reserves every day".
Bessent highlighted the poverty reduction: "Ten million people have escaped poverty under President Milei's government." He noted that the poorest and the young backed Milei due to optimism. Inflation in March was 3.4% and accumulated 9.4% in the first quarter, according to INDEC.
These remarks came after the IMF report, which cut Argentina's growth forecast to 3.5% this year—still the region's highest—and raised the inflation projection to 30.5%. The IMF also lowered global growth to 3.1% due to the Middle East war and oil crisis. Bessent commented: "I think they have probably overreacted, but we'll see".
