“We are worried because this situation may affect the political destiny of Argentina,” Haddad told U.S. Treasury Secretary Janet Yellen in a meeting on the sidelines of a Group of Seven (G7) finance ministers meeting in Niigata, Japan. Haddad said Brazil was keeping a close eye on Argentina, where the current drought could reduce exports by 20%, mindful of previous far-right political shifts elsewhere in Latin America. Speaking with reporters after the meeting, Haddad said he raised the issue with Yellen because Argentina needed the assistance of the International Monetary Fund. The United States is the largest shareholder in the global lender. He said Brazil was also keen to expand trade with the United States and said more trade integration was needed in the Americas.

Source: Bueno Aires Herald May 11, 2023 13:16 UTC