BuySellBA
Administrator
Good opinion piece in The Hill on Argentina and it's importance to the USA.
The U.S. has an immediate and actionable vital national security interest in the economic survival, recovery and growth of Argentina.
On April 11, the International Monetary Fund approved a $20 billion balance-of-payments loan to Argentina to shore up the country’s foreign-exchange reserves. On the same day, the World Bank Group and the Inter-American Development Bank Group approved development finance packages for Argentina of $12 billion and $10 billion, respectively.
This extraordinary $42 billion financial transfusion is a clear message of hope for Argentina’s economic survival, recovery and growth. The U.S. must move quickly to seize the opportunity provided by a rising Argentina to enhance American geostrategic security by helping the country to unlock its substantial reserves of critical minerals and escape the sovereign debt trap.
Argentina has substantial reserves of strategically important critical minerals such as lithium and shale oil and gas. It is in the U.S. strategic interest to deny China access to such resources. Argentina’s lithium reserves of about 20 million tons account for 20 percent of total world reserves. Lithium is the key ingredient for rechargeable batteries that power electric vehicles — a sector dominated by China.
With recoverable shale reserves of 16 billion barrels of oil and 308 trillion cubic feet of gas, Argentina would rank among the top five globally. President Trump should help ensure that American finance, technology and expertise are available to Argentina to unlock the economic potential of its lithium and shale oil and gas resources, and that the U.S. market remains open to exports from Argentina.
This extraordinary $42 billion financial transfusion is a clear message of hope for Argentina’s economic survival, recovery and growth. The U.S. must move quickly to seize the opportunity provided by a rising Argentina to enhance American geostrategic security by helping the country to unlock its substantial reserves of critical minerals and escape the sovereign debt trap.
Argentina has substantial reserves of strategically important critical minerals such as lithium and shale oil and gas. It is in the U.S. strategic interest to deny China access to such resources. Argentina’s lithium reserves of about 20 million tons account for 20 percent of total world reserves. Lithium is the key ingredient for rechargeable batteries that power electric vehicles — a sector dominated by China.
The rest here:
The U.S. has an immediate and actionable vital national security interest in the economic survival, recovery and growth of Argentina.
On April 11, the International Monetary Fund approved a $20 billion balance-of-payments loan to Argentina to shore up the country’s foreign-exchange reserves. On the same day, the World Bank Group and the Inter-American Development Bank Group approved development finance packages for Argentina of $12 billion and $10 billion, respectively.
This extraordinary $42 billion financial transfusion is a clear message of hope for Argentina’s economic survival, recovery and growth. The U.S. must move quickly to seize the opportunity provided by a rising Argentina to enhance American geostrategic security by helping the country to unlock its substantial reserves of critical minerals and escape the sovereign debt trap.
Argentina has substantial reserves of strategically important critical minerals such as lithium and shale oil and gas. It is in the U.S. strategic interest to deny China access to such resources. Argentina’s lithium reserves of about 20 million tons account for 20 percent of total world reserves. Lithium is the key ingredient for rechargeable batteries that power electric vehicles — a sector dominated by China.
With recoverable shale reserves of 16 billion barrels of oil and 308 trillion cubic feet of gas, Argentina would rank among the top five globally. President Trump should help ensure that American finance, technology and expertise are available to Argentina to unlock the economic potential of its lithium and shale oil and gas resources, and that the U.S. market remains open to exports from Argentina.
This extraordinary $42 billion financial transfusion is a clear message of hope for Argentina’s economic survival, recovery and growth. The U.S. must move quickly to seize the opportunity provided by a rising Argentina to enhance American geostrategic security by helping the country to unlock its substantial reserves of critical minerals and escape the sovereign debt trap.
Argentina has substantial reserves of strategically important critical minerals such as lithium and shale oil and gas. It is in the U.S. strategic interest to deny China access to such resources. Argentina’s lithium reserves of about 20 million tons account for 20 percent of total world reserves. Lithium is the key ingredient for rechargeable batteries that power electric vehicles — a sector dominated by China.
The rest here:
