Lucas Craievich @lcraievich - Twitter Profile

8 months ago

.@POTUS’s policy of Peace Through Economic Strength is transforming Latin America in ways that are America First, surrounding the United States with stability and prosperity. President @JMilei continues to deliver with full force on his renewed mandate from the Argentine people for economic freedom. Argentina has successfully re-accessed financial markets and has made encouraging changes to its monetary and exchange rate policy framework. I am pleased to announce that, reflecting its strengthened financial position, Argentina has both quickly and fully repaid its limited draw on the swap facility with the United States, such that the Exchange Stabilization Fund currently does not hold any pesos. Stabilizing a strong American ally – and making tens of millions in profit for Americans – is an America First homerun deal. Setting the course for Latin America, a strong and stable Argentina that helps anchor a prosperous Western Hemisphere is in our clear best interest. In summary, Treasury deployed the Exchange Stabilization Fund exactly in-line with its congressional purpose and our ESF actions worked precisely as Congress intended: to stabilize Argentina in its crisis moment of acute, short-term, and urgent illiquidity pressure on both exchange rate and financial stability. The international community – including @IMFNews through its large existing program – has been unified behind and remains strongly supportive of Argentina and its current reforms and prudent fiscal strategy. But only the United States could act as swiftly as we did in October to preserve market and exchange rate stability. To reiterate, the ESF has never lost money. Our nation has been fully repaid while making tens of millions in USD profit for the American taxpayer. With Argentina stabilized, the markets are now meeting the Argentine Republic’s financing needs under President Milei’s visionary leadership. President Milei and Finance Minister @LuisCaputoAR are building positive momentum, and we anticipate their continued progress. We look forward to continuing our enthusiastic support of President Milei and Argentina.

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