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For the Government of Argentina, the scandal over the $LIBRA case is a “finished topic”

The Argentine Chief of Staff, Guillermo Francos, said on Wednesday that the scandal over the ‘cryptophysi’ of President Javier Milei’s $LIBRA is a “finished issue” for the Government and that he doubts the international impact it may have on the Argentine economy.

“For us it is a topic that is finished. I think the investigations will say later where the mistake occurred or as a result of what and the Justice to investigate what it has to investigate. In political terms, it’s over for us,” Francos said in statements to Radio Rivadavia.

In addition, he said that “it is an episode that internationally will not have an impact” and anticipated that “everything will continue in the positive lanes that the Argentine economy had been following.”

The Chief of Staff described the episode, for which Milei spread on Friday the launch of a cryptocurrency that shortly after collapsed, as an “incident” and emphasized that the repercussions that the government expects are at the level of domestic politics, in Congress.

In parallel with the more than a hundred complaints filed before the Justice by affected investors, from the Union for the Fatherland (Peronism) party they confirmed to EFE that this Wednesday it will present in the Chamber of Deputies a request to form a special commission to investigate the participation of the president in the $LIBRA case, which could later lead to impeachment.

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Francos also referred today to the intervention of an advisor to Milei during an interview with the president on the TN television channel on Monday, which was initially edited but then spread on social networks, and commented that there was a “lack of criteria” of the presidential advisor Santiago Caputo when interrupting the dialogue while Milei talked about the possible judicial implications of the case.

“The President got angry with Santiago Caputo, because it seemed irresponsible to him that, without any prior agreement with the host of the program, he interrupted a stupidity. I think he must have learned a lesson, right? That no one is super powerful. All things have their limits and the president has marked it,” Francos said.

Since Friday, the Argentine Government has been experiencing one of its biggest political crises since the assumption of Milei in December 2023, after a publication by the president in support of the launch of the cryptocurrency $LIBRA, which according to him would finance startups and small businesses in Argentina.

The currency skyrocketed and inflated its price until the majority investors withdrew profits of 87.4 million dollars. This generated the collapse of his value and, before the first accusations of fraud, Milei deleted his publication.

The president said he had acted “in good faith”, emphasized that he spread the cryptocurrency, but did not promote it, and refused to take responsibility for the victims.

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IICA to strengthen prevention efforts against cattle tick disease with $250K investment

The Inter-American Institute for Cooperation on Agriculture (IICA) announced on Friday that it will allocate $250,000 to deepen and strengthen actions for the prevention, control, and eradication of the cattle tick in Central America.

IICA’s Director-General, Manuel Otero, explained that the funds will support the strategy to combat the disease in 2025, focusing on two key areas: strengthening communication campaigns, awareness, and health education; and improving case reporting, notification, and the purchase of sampling kits and authorized healing products to ensure a more effective response in the region.

“It is an endemic disease present across the continent and requires more investment, more surveillance, more training, and more institutional support. It is a very strong enemy that affects the quality of life for our cattle producers and threatens our exports,” Otero said during a meeting with Agriculture Ministers from the region.

The initiative is carried out in collaboration with the Animal and Plant Health Inspection Service (APHIS) of the U.S. Department of Agriculture (USDA) and aims to enhance the understanding and knowledge of the disease among various stakeholders.

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International

Milei: Social justice promotes hostility, incompatible with progress

President Javier Milei spoke on Friday at the headquarters of the Inter-American Development Bank (IDB) in Washington, D.C., United States. In the first part of his speech, he stated that “social justice is an abomination.” His address, delivered amidst the crypto scandal and titled “The Argentine Economic Model,” came after the libertarian leader visited the headquarters of the International Monetary Fund (IMF) for the second time this year, where he met with Managing Director Kristalina Georgieva to finalize details of the new program through which the government hopes to accelerate economic recovery and ease currency controls.

Throughout his speech, the president praised his ministers, particularly Economy Minister Luis Caputo and the head of the Ministry of Transformation, Federico Sturzenegger, whom he highlighted for his “Chainsaw 2.0” plan, referring to budget cuts within the state. Additionally, Milei forecasted further deregulation and criticized an economic group that “benefited” from the ban on exporting scrap metal.

As he began his address, the President claimed that “he avoided hyperinflation of 17,000% per year” due to the strong fiscal adjustment he implemented at the start of his administration. He highlighted several key indicators of his government’s performance while continuing to praise his ministers. He then turned his attention to the concept of social justice. “Because if the wealth creator is punished and the complainer is given money, the incentive is to complain and not work, which creates an incentive system incompatible with progress,” he argued.

“It has consequences on the quality of life in society, but not due to its economic damage, but because of the relationship between people. Promoting a society of envy makes society hostile, where there is constant conflict over a supposed class struggle because one person generates wealth and it is stolen. It is as if one is living in a permanent war,” he insisted.

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International

Trump says Zelensky’s presence in peace talks makes it “difficult” to reach agreements

U.S. President Donald Trump stated on Friday that his Ukrainian counterpart, Volodymyr Zelensky, “is not that important” to be present in meetings aimed at ending the conflict, arguing that his participation makes it “very difficult to finalize agreements.”

“I don’t think it’s important for him to be in the meetings,” emphasized the magnate during a radio interview with TV host Brian Kilmeade on the Fox News channel, adding that Zelensky had been present in negotiations “for three years” without any results.

The president called last week’s visit by Treasury Secretary Scott Bessent to Kyiv a “waste of time,” as he tried to secure an agreement on the exploitation of Ukraine’s natural resources. Zelensky rejected the offer presented by Bessent, which would have granted the U.S. access to 50% of Ukraine’s strategic minerals in exchange for American support during the war, as well as future assistance for Kyiv.

In return, Zelensky offered to open the door to U.S. “investments.” In a media interview, Secretary of State Marco Rubio explicitly included this rejection of Bessent’s plan as one of the main reasons for Trump’s frustration with Zelensky.

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