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2/29/2024

Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Bilateral Meeting with Minister of Economy Luis Caputo…

Remarks by Secretary of the Treasury Janet L. Yellen Ahead of
Bilateral Meeting with Minister of Economy Luis Caputo of
Argentina
February 29, 2024

As Prepared for Delivery
It is my pleasure to have my first meeting with Minister Caputo.
The Milei administration has inherited a steep stabilization task but has already taken some
important steps toward restoring fiscal sustainability, adjusting the exchange rate, and
combating inflation.
I commend Minister Caputo for his leadership throughout this period.
There is no doubt that this has been, and will continue to be, a di icult economic transition
period for the Argentine people.
Protecting the most vulnerable during this transition will be a challenge, but is vitally
important.
I see many areas for collaboration between the United States and Argentina on the topics
being discussed in this yearʼs G20 Finance track, and I look forward to discussing these today
with Minister Caputo.
I anticipate an active and constructive relationship between the U.S. Treasury Department and
the Ministry of Economy.
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https://home.treasury.gov/news/press-releases/jy2139

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