President Alberto Fernández of Argentina used a White House meeting Wednesday to spotlight the economic strain his country faces as he looks for President Joe Biden to back Argentina’s effort to renegotiate with the International Monetary Fund on terms of USD 44 billion debt. The United States has veto power in the IMF, so any sign of support from Biden to revise requirements to the debt agreement would be seen as a positive for Argentina while talks continue. In comments to reporters at the start of their meeting, Fernández noted that Argentina’s economy has endured the ”worst drought” in the country in more than 90 years. He also noted the Russia’s war in Ukraine has caused rippling effects on his country’s economy and others. ”We certainly look forward to your continued support as you have done so far,” Fernández said.
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