Washington’s new ambassador in Buenos Aires says major US and Western firms are on the verge of announcing “unprecedented” capital investments in Argentina.

In a post on social media, Peter Lamelas said that leading companies are “on the verge” of announcing major backing for Argentina and President Javier Milei’s under-fire government, which faces crucial midterm elections at the end of the month.

“US companies and the western world are on the verge of investing an unprecedented

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