Argentina's Foreign Minister Resigns Amid Political Shake-up

Argentina's Foreign Minister Gerardo Werthein has resigned, the second such departure in President Javier Milei's administration. The resignation comes ahead of key elections, impacting Milei's austerity strategy. The move occurs amidst economic tensions and potential shifts in U.S. financial support for Argentina.

Argentina's Foreign Minister Gerardo Werthein has resigned, marking the second exit from this role under President Javier Milei's administration. The shock resignation comes just ahead of significant legislative elections and might influence Milei's economic strategies.

Speculation about Werthein's departure arose days before Sunday's crucial vote, which his libertarian party views as pivotal for maintaining its strategic austerity measures aimed at revamping Argentina's economy. Though his resignation was expected post-elections, Werthein chose to step down earlier, leaving questions about his successor.

The political scene is further complicated by Milei's promise of a cabinet reshuffle post-midterms and U.S. hints that its financial aid to Argentina might depend on Sunday's results. Currently, a $20 billion currency swap deal with the U.S. Treasury is in place, with discussions ongoing for further financial assistance.

(With inputs from agencies.)