The Trump administration said Wednesday it would set aside $7 billion for loans to support energy, mining and infrastructure projects in Argentina, its latest move to secure energy and critical minerals closer to home and back the South American country's libertarian president.
The U.S. Export-Import Bank, a federal agency, would make up to $7 billion available through 2027 for projects in Argentina, the State Department said, helping companies in the country obtain loans to buy American equipment and hire U.S. firms to expand the country’s railways, pipelines, ports and power networks.
