US to fund $7 billion of Argentina mineral, energy projects, document shows
The package would support loans and guarantees for U.S. equipment purchases and infrastructure upgrades as Argentina seeks to expand exports.
- The Export-Import Bank plans to fund up to $7 billion for energy and critical minerals projects in Argentina, according to a document seen by Reuters, with the announcement coming Wednesday in New York during the United Nations General Assembly.
- Ties between Washington and Buenos Aires have deepened under Javier Milei, a close ally of President Donald Trump, as Washington seeks greater access to Western Hemisphere energy and critical minerals.
- These funds will allow companies in the South American country to receive loans for purchasing American equipment over the next two years, while Argentina, Chile, and Bolivia comprise the "lithium triangle" concentrating the world's largest metal supplies.
- Milei's government promoted an incentive regime known as RIGI to attract foreign capital, prompting Italy's Eni and YPF to submit a joint application last month for their $51 billion liquefied natural gas project.
- Congress has yet to ratify the bilateral deal, which remains a necessary legislative step to solidify the proposed economic cooperation between Washington and Buenos Aires on energy and critical minerals projects.
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US to Invest up to $7 Billion in Argentina’s Minerals, Energy Sectors
John Jovanovic, president and chairman of the U.S. Export-Import Bank, speaks during the Semafor World Economy 2026 conference in Washington on April 16, 2026. (Saul Loeb/AFP via Getty Images)
Washington does not hide the goal behind the initiative: not only to supply Argentine lithium, copper, oil and gas, but also to "expand opportunities for its companies" and displace Chinese companies operating in the country.
Trump and Milei governments’ announcement promises US public and private investments in transportation, energy and infrastructure
(Buenos Aires = Yonhap News) Correspondent Kim Seon-jeong = The United States is offering up to $7 billion (approximately 9.5 trillion...) in Argentina's key infrastructure, including railways, ports, power grids, and pipelines.
With more than $7 billion on the table, investments in energy, transport and telecommunications in the Trans-Andean country will reach proportions never seen before.
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