President Milei of cash-strapped Argentina starts another US tour, plans to meet Elon Musk

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President Milei of cash-strapped Argentina starts another US tour, plans to meet Elon Musk
Laura RichardsonBusinessWorld News
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President Javier Milei of Argentina has kicked off a visit to the United States, where he'll meet with tech billionaire Elon Musk, as the libertarian leader seeks an infusion of cash to overhaul Argentina’s embattled economy.

Tomorrow is a Weather Authority Alert Day for Jacksonville: Damaging wind gusts and strong to severe thunderstorms Business FILE - Argentina's President Javier Milei talks during the International Economic Forum of the Americas, in Buenos Aires, Argentina, Tuesday, March 26, 2024.

The United States, the biggest investor in Argentina, also has the most influence over the International Monetary Fund, to which Argentina owes $42 billion. The IMF has endorsed Milei’s shock therapy for Argentina, agreeing to disburse $4.7 billion from a bailout package the country took out six years ago.

Milei and Musk — who share a brash personality-driven style and distaste for government overreach — have expressed mutual admiration. Ahead of his inauguration last December, Milei praised Musk as an “icon of freedom." Musk gushed over Milei's speech lambasting socialism at the World Economic Forum in Davos, Switzerland, commenting “So hot” with a meme of a couple having sex while watching Milei speak.

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