U.S. Treasury Official Impressed With Reforms

John Taylor, international point man for the U.S. Treasury Department, concluded a visit to Argentina saying he was impressed with its measures to erase its budget deficit and spur growth.

In a U.S. Embassy statement issued shortly before he was due to fly back to the United States, the Treasury undersecretary for international affairs said his meetings with top Argentine government officials had been “fruitful and detailed.”

“I am impressed by the firm measures the Argentine government is taking to reach its objective of a zero deficit,” Taylor said.

However, there was no sign of new aid for cash-strapped Argentina from the U.S. government as Taylor’s trip drew to a close, dousing hopes voiced by some investors before the visit.