The Trump administration has announced its intention to double financial aid to Argentina, increasing the package to $40 billion, according to Treasury Secretary Scott Bessent. The move is aimed at stabilizing Argentina’s economy ahead of its upcoming legislative elections on Oct. 26, as the country continues to face high inflation and widespread poverty.
President Donald Trump stated that the aid would be contingent on Argentine President Javier Milei winning re-election, expressing strong confidence in Milei’s chances. Meanwhile, critics, including Sen. Bernie Sanders, have raised concerns about the timing and intent of the package, saying it could favor Trump’s political allies abroad while overlooking urgent domestic needs, particularly those of U.S. farmers impacted by Argentina’s trade policies.
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