Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Bilateral Meeting with Minister of Economy Luis Caputo of Argentina

As Prepared for Delivery

It is my pleasure to have my first meeting with Minister Caputo.

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.

I commend Minister Caputo for his leadership throughout this period.

There is no doubt that this has been, and will continue to be, a difficult economic transition period for the Argentine people.

Protecting the most vulnerable during this transition will be a challenge, but is vitally important.

I see many areas for collaboration between the United States and Argentina on the topics being discussed in this year’s G20 Finance track, and I look forward to discussing these today with Minister Caputo.

I anticipate an active and constructive relationship between the U.S. Treasury Department and the Ministry of Economy.

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