BUENOS AIRES, Oct. 21 (UPI) -- With $14 billion in investment projects and rising exports, China has consolidated its position as a key trading partner for Argentina.
The relationship between the two countries has been at the center of debate as the U.S. Treasury agreed to a $20 billion currency swap to support the economic reform program led by President Javier Milei.
U.S. Treasury Secretary Scott Bessent announced the agreement with Argentina's Central Bank on X on Tuesday, describing it as "a bridge to a better future, not a bailout."
"We don't want another failed state in Latin America, and a strong, stable Argentina as a good neighbor is explicitly in the strategic interest of the United States," Bessent said.
Related
