As part of our overarching policy priorities, the U.S.-Argentina Business Council supports Argentina’s negotiations with the International Monetary Fund (IMF). To continue improving Argentina’s business and investment climate, a new deal from the IMF has the potential to address economic obstacles for U.S. companies operating in the market. This letter was sent by Neil Bradley, Executive Vice President, Chief Policy Officer, and Head of Strategic Advocacy of the U.S. Chamber, on behalf of USABC, on April 10. On April 11, the IMF approved an Extended Fund Facility (EFF) arrangement of US$20 billion for Argentina.
The Honorable Scott Bessent
Secretary of the Treasury
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20220
Dear Secretary Bessent:
I am writing on behalf of the U.S. Chamber of Commerce U.S.-Argentina Business Council (USABC), to emphasize the importance of continued support of Argentina's ongoing negotiations with the International Monetary Fund (IMF). The U.S. has a vested interest in ensuring economic stability and growth in Argentina, a country with which we share a long-standing and mutually beneficial relationship.
Argentina has faced significant economic challenges, including high inflation and fiscal imbalances, which were exacerbated by the global economic downturn. In the past 15 months, Argentina has implemented substantial reforms in trade, energy, investment regime (RIGI) and tax reductions, increasing the country’s competitiveness. Although Argentina has made important progress in these areas, more can be done. A successful agreement with the IMF is critical for Argentina to continue stabilize its economy, address foreign currency controls, and restore investor confidence. Such an agreement would benefit Argentina, and create a stronger market for U.S. businesses.
The Chamber believes that constructive engagement between the IMF and the Government of Argentina is essential to achieving macroeconomic stability. We urge the U.S. Treasury to continue supporting these efforts.
We appreciate your attention to this matter and stand ready to assist in any way possible to support a successful outcome for Argentina's negotiations with the IMF.
Sincerely,
Neil L. Bradley
Executive Vice President, Chief Policy Officer,
and Head of Strategic Advocacy
U.S. Chamber of Commerce
About the United States-Argentina Business Council
The U.S. Chamber of Commerce’s U.S.-Argentina Business Council (USABC) is the leading business advocacy organization dedicated to strengthening the economic and commercial relationship between the United States and Argentina. Our mission is to foster a strong economic and commercial relationship between both countries, identifying challenges and proposing solutions to issues hindering the commercial relationship, promoting commercial and investment opportunities for USABC members, and supporting economic growth in Argentina and the United States, particularly supporting Argentina's economic reform efforts.
About the United States Chamber of Commerce
The United States Chamber of Commerce is the world's largest business organization representing companies of all sizes in every sector of the economy. Our members range from small businesses and local chambers of commerce lining Main Streets across America to leading industry associations and large corporations. They all share one thing: they count on the Chamber of Commerce to be their voice in Washington, across the country, and around the world. For over 100 years, we have advocated for business-friendly policies that help create jobs and grow the economy.
Letter on U.S. Support for an Agreement between the IMF and Argentina English April 2025
