Argentinian President Javier Milei seeks to regain the centrality of economic issues during his trip to the United States, focusing on lowering inflation and fiscal cuts. Despite receiving bad news from the judicial sphere regarding the "Libra affair," he highlighted the achievements of his administration in his meetings with the IMF, the IDB, and the World Bank, which were recognized by economic power centers.
During the meeting with IMF Chief Kristalina Georgieva, the Argentine delegation perceived that the new agreement with the Fund is practically defined. Economy Minister Luis Caputo explained that the Fund's disbursements will be used to stabilize the Central Bank's account to open the currency control before the end of the year. This measure is expected to consolidate Argentina's economic recovery, which, according to Milei, could grow by 7% this year.
Meanwhile, in Argentina, federal prosecutor Eduardo Taiano decided to advance the investigation into the LIBRA cryptocurrency scandal involving the president. Judge María Servini ratified a dozen presentations accumulated in her office and delegated the investigation to the prosecutor, who found elements to open a criminal investigation for abuse of authority, fraud, influence peddling, and bribery.
The complaint indicates that foreign companies may have intervened in the creation and launch of LIBRA, and a presumed bribery circuit related to the president and his close circle is being investigated. On the other hand, in the United States, the Justice Department and the FBI received criminal complaints about massive fraud linked to LIBRA. Milei's role in these accusations is highlighted, as well as that of other involved parties, generating illicit profits estimated between 80 and 100 million dollars.
An Argentine legal study filed the complaint and informed the U.S. Securities and Exchange Commission about the alleged criminal maneuvers detected. It is mentioned that the lawyers mainly represent affected Argentine investors, although they acknowledge that there are thousands more harmed, including U.S. citizens.
