US Senators Ask Biden to Press IDB to Stop $ 500 Million Credit to Argentina

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US Senators Ask Biden to Press IDB to Stop $ 500 Million Credit to Argentina

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Republican senator Marco Rubio, one of the signatories of the letter to Biden.

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A group of US senators asked the president of that country, Joe Biden, to do so prevent the outlay of $ 500 million that the Inter-American Development Bank has promised to grant to Argentina.

In the letter they signed that they drafted, the senators Marco Rubio; Bill Cassidy; Bill Hagerty and James Rischto maintain:

“We understand that the Argentine government is seeking a $ 500 million loan from the Inter-American Development Bank (IDB).”

“Given that long history of non-compliance and the anti-growth economic policies of the Argentine government, even under the Fernández administration, the US Treasury must exercise due control over any loan to Argentina. “

The letter of protest from US parliamentarians against the IDB granting a loan to Argentina.

The letter of protest from US parliamentarians against the IDB granting a loan to Argentina.

“In addition to questionable economic and fiscal policies, President Fernández’s government has carried out actions that question its medium and long-term commitments to transparency, democratic values ​​and regional security.”

“Days before the Russian invasion of Ukraine, President Fernandez offered Vladimir Putin to turn this country into “a gateway for Russia to decisively enter Latin America”.

“A few days later, Mr. Fernández signed several agreements to deepen Chinese participation in the Argentine economy and national finances.”

“Last month the Argentine authorities allowed a Venezuelan-flagged plane operated by an Iranian entity sanctioned by the United States for landing in Argentina. The plane was carrying at least five Iranians, at least one of whom was identified as a senior member of the Islamic Revolutionary Guard Corps (IRGC), a US-designated foreign terrorist organization. “

“Given that The Argentine government’s troubling pattern of association with rogue regimes around the world, your administration should fully support the IDB’s efforts to adhere to strong oversight and due diligence of any new loans to Argentina and US departments and agencies. make it clear that efforts to undermine the necessary standards and conditions will not be tolerated. “

The reasons given by the senators are similar to those used days ago by the head of the IDB, Mauricio Claver Carone, who publicly stated that he would deny new disbursements to Argentina.

Subsequently, he partially rectified his position and announced the disbursement that US senators are now questioning.

Source: Clarin

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