Yellen Praises Milei-Led Argentina for Heading Toward ‘Restoring Fiscal Sustainability’

Published on February 29, 2024

U.S. Treasury Secretary Janet Yellen praised Argentine President Javier Milei and his government for taking the necessary steps toward “restoring fiscal sustainability.” Ms. Yellen met with Argentina Economy Minister Luis Caputo in Brazil during a gathering of G20 finance ministers and central bank governors. Ahead of her meeting with Mr. Caputo, the White House official championed the “important steps” Mr. Milei and his team are employing to resuscitate the South American nation. “The Milei administration has inherited a steep stabilization task, but has already taken some important steps toward restoring fiscal sustainability, adjusting the exchange rate, and combating inflation,” Ms. Yellen said in prepared remarks....

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