US Backing Insufficient to Save Argentina
Experts warn that financial support from the US government alone will not be enough to stabilize Argentina's finances without a significant shift in monetary policy.
According to former IMF officials and economists, US financial backing will only offer temporary relief. They believe that President Javier Milei's government must change its monetary policy to achieve long-term financial stability.
- Abandon foreign exchange rules
- Let the peso float, likely with a large devaluation
Washington's support will offer only temporary relief
Experts consulted by the Buenos Aires Times, including former International Monetary Fund officials and a former finance minister, share this view.
Author's summary: Argentina needs policy shift.