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Reuters

Business

By Andrea Shalal

Brazil's Haddad raises concerns about economic situation, drought in Argentina

Fernando Haddad Argentina Brazil Drought Janet Yellen G7 United States

Brazil's Finance Minister Fernando Haddad talks with U.S. Treasury Secretary Janet Yellen (not in picture) during their bilateral talks on the sideline of the G7 Finance Ministers and Central Bank Governors' meeting, in Niigata, Japan, May 11, 2023. REUTERS/Issei Kato/Pool

Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina's economic challenges and a major drought there could affect the country's "political destiny" and usher in an extremist government.

"We are worried because this situation may affect the political destiny of Argentina," Haddad told U.S. Treasury Secretary Janet Yellen in a meeting on the sidelines of a Group of Seven (G7) finance ministers meeting in Niigata, Japan.

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