Argentina's Milei Meets Top US Officials, Seeks IMF Reset

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The Spin

Pro-establishment narrative

The fact that his first trip as president-elect took him to the US illustrates the significance Milei attaches to bilateral relations with the US. In terms of foreign policy, Milli has made it clear that he's standing firmly on the side of the West and Israel. During his election campaign, he also pledged to distance himself from China and reject Argentina's BRICS membership. For the free world and Latin America, Milei's election is a positive signal and the US should support this.

Establishment-critical narrative

Pres. Joe Biden snubbing of this visit indicates that his administration has mixed feelings about deepening ties with a pro-Trump leader. Thus, it's not surprising that Milei has adopted a more moderate tone towards Beijing — Argentina's second-largest trading partner and the country's largest market for agricultural products — in contrast to his populist anti-Chinese comments during his campaign. The world is changing and it would be foolish of Milei to jeopardize relations with China, especially as support from the US always comes with a cost.

Metaculus Prediction

There is a 35% chance, that Argentina will fully dollarize its economy before 2028, according to the Metaculus prediction community.


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