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U.S. to provide $20B currency swap to Argentina amid economic turmoil, sparking criticism over farm exports and aid priorities.
The U.S. announced a $20 billion currency swap to aid Argentina’s struggling economy amid political and financial turmoil, drawing criticism from American farmers who say they’re being neglected despite ongoing trade disruptions.
The move, part of broader efforts to stabilize Argentina under President Javier Milei ahead of key elections, has sparked debate over U.S. foreign aid priorities, especially as Chinese demand shifts toward South American soybean producers, hurting U.S. exports.
Critics question the rationale behind the bailout, highlighting concerns about domestic agricultural hardship, potential conflicts of interest involving Treasury officials, and the geopolitical implications of supporting a nation with significant rare earth resources and growing tech investments.
Estados Unidos proporcionará un intercambio de divisas de $ 20B a Argentina en medio de la turbulencia económica, lo que provocó críticas sobre las exportaciones agrícolas y las prioridades de ayuda.