Argentina is the new darling of Latin America. Just over four months into his term, President Mauricio Macri is taking every step to put the welcome mat out for the international community, and the United States in particular. The Obama administration has reciprocated in kind. It’s a new era, and the future is bright for the bilateral relationship, as well as for Macri’s domestic standing.
Gone are the days of antagonistic relations. Now, U.S.-Argentine relations are being advanced on multiple fronts—from trade facilitation to climate change and global health.
Even before Obama’s state visit in late March, Washington had already stepped in through, among other things, the filing of an amicus brief to help resolve Argentina’s global priority No. 1: agreeing to a deal with holdout creditors that will clear the way for re-entering international capital markets. Now, with a U.S. appeals court ruling on Wednesday to lift the injunction that prevented payment to creditors, the issue is set to be resolved by the end of next week. The proceeds from a planned $15 billion bond sale early next week will pay the creditors.