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Scott Bessent: “Argentina is a beacon down there. And there's a chance now…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Watch CNBC's full interview with Treasury Secretary Scott Bessent

Published | Video Starts at 13:28

Many of the governments down there move from far left to center right. We did not support them. And then they took a hard lurch to the left. And now Argentina is a beacon down there. And there's a chance now for many other countries to come along. Bolivia, Ecuador, I think Colombia after the elections. So what. What you don't want are these failed economic models. And Argentina has 100 years of decline. And President Melaye is working against history and he's done a fantastic job. (13:28–13:41)

CLAIM

Asserts that Argentina is a positive example for other South American countries like Bolivia, Ecuador, and potentially Colombia.

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