Argentina

US Special Envoy for Latin America, Mauricio Claver-Carone, stated that the US is committed to supporting Argentina at the IMF Board, but wants Argentina to end its currency swap agreement with China. The US sees this as a priority to limit China’s influence in Argentina, particularly amid rising global trade tariffs. Argentina’s central bank has a currency swap with China totaling USD 18 bln, with USD 5 bln already activated.