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Significance
Milei met National Security Advisor Jake Sullivan, while his team met the Treasury and IMF to present a structural adjustment plan. Likely Foreign Minister Diana Mondino also built bridges during a trip to Brasilia and confirmed continued diplomatic relations with China, reversing Milei’s campaign pledges and pointing to a more pragmatic foreign policy.
Impacts
The Biden administration’s support will be crucial for Argentina in negotiations with the IMF.
Argentina seems set to stay in Mercosur, but its entry into the BRICS club of emerging powers, scheduled for January, is still in doubt.
The reversal of many of Milei’s more extreme campaign pledges, if sustained, will prompt disquiet among his party’s members and legislators.
Keywords:
Argentina,
LA/C,
Brazil,
China,
IMF-World Bank,
Israel,
Mercosur,
United States,
economy,
international relations,
politics,
debt,
fiscal,
foreign policy,
government,
monetary,
opposition,
policy,
reform
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2023
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