The U.S. Export-Import Bank plans to make up to $7 billion available through 2027 for energy, mining and infrastructure projects in Argentina, helping companies there buy U.S. equipment and hire U.S. firms, the State Department said Wednesday.
U.S. Deputy Secretary of State Christopher Landau and Argentine Foreign Minister Pablo Quirno said the deal aims to connect lithium- and copper-rich areas in Argentina’s northwest and the Vaca Muerta shale fields to ports, making it easier to ship minerals, oil and gas. Inadequate transport and energy infrastructure has long hampered development of remote deposits.
The Trump administration presented the agreement as part of its effort to reduce reliance on China’s mineral-processing industry and support President Javier Milei. Last year, Washington backed a $20 billion International Monetary Fund bailout for Argentina and extended a separate $20 billion currency-swap line; the countries signed a free-trade pact earlier this year.
