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Argentina Says It Is Not Waiting for U.S. $20 Billion Support, Cites Sufficient Reserves

Chief of Cabinet Guillermo Francos frames Washington's pledge as political reassurance rather than a near-term financing need.

Overview

  • Francos said the government set no timetable for potential U.S. funds and considers congressional approval unnecessary, though he maintained it would not obstruct any operation if required.
  • He asserted that Argentina has enough dollars to meet market demand and service debt obligations.
  • He described President Milei’s New York visit as highly significant and praised what he called unusually clear backing from the United States.
  • Following the triple homicide in Florencio Varela, Francos offered federal assistance to Buenos Aires Province on security and criticized the province’s performance against narcotrafficking.
  • He emphasized that the communication channel between Milei and Mauricio Macri remains open and noted the Consejo de Mayo meeting is scheduled for Monday at the Casa Rosada.