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ARGENTINA | 18-05-2018 11:38

Trump tweets words of praise for ‘friend’ Macri

The Argentine president is keen to shore up international support for his government’s decision to turn to the International Monetary Fund (IMF) for a line of financing aimed at supporting the country’s weakened currency.

US President Donald Trump on Thursday put his weight behind President Mauricio Macri’s government as it tries to back Argentina out of its current economic troubles.

“Great talk with my friend President Mauricio Macri of Argentina this week. He is doing such a good job for Argentina. I support his vision for transforming his country’s economy and unleashing its potential!” Trump said via Twitter.

Macri replied yesterday, also via Twitter, saying: “Thanks, my friend, president Donald Trump for your support and display of affection toward Argentina. We appreciate it a lot!”.

Macri put in a 10-minute telephone call to Trump on Monday morning, a conversation the Pink House described as “positive”.

The Argentine president is keen to shore up international support for his government’s decision to turn to the International Monetary Fund (IMF) for a line of financing aimed at supporting the country’s weakened currency.Macri has already shored up the support of several powerful countries. Germany, China, Spain, Brazil, and Japan have publicly backed Argentina.

Argentine Treasuer Nicolás Dujovne met with US Treasury officials in Washington last week before the first round of informal talks for an IMF deal, schedule for today (Friday).

Following the meeting, Under Secretary for International Affairs David Malpass “reiterated strong support for the Macri administration’s market-oriented reform programme”.

Treasury said in a statement that he welcomed the talks with the IMF. US support is key since it holds veto power in the IMF.

Argentine government officials have not said how much they are requesting, and a final deal could take at least a month.

-TIMES

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