Cablegate: Official-Informal: Elimination of Latin America

This record is a partial extract of the original cable. The full text of the original cable is not available.





E.O. 12958: N/A

REF: Buenos Aires 1806

1. (SBU) Post has learned that as part of a world-wide cost-
cutting move, as of October 1 Treasury intends to eliminate
the Regional Attache position based in Buenos Aires. That
slot covers not only Argentina, but with the position
incumbent frequently traveling to Brasilia, Sao Paulo, and
Rio de Janeiro and other key South American posts. Given
the importance of emerging economies like Brazil in the
international financial markets, Charge requests that
Treasury headquarters revisit this decision.

2. (U) Currently, the Brazilian economy is at a high
point, with growth returning, exports booming, and inflation
in check. However, three short years ago this was not the
case. The incoming Lula Administration had raised interest
rates to sky-high levels in an attempt to stem capital
flight. While we do not foresee a return to this precarious
state-of-affairs in the short-term, when dealing with Brazil
(as is the case with other emerging markets) its best to
keep assets handy. One important assets it is the presence
of the Regional Attache in Buenos Aires. In the event of a
sudden crisis, having the Treasury attach on hand to help
us grapple with the situation would be essential. Seeking
to deal with matters solely from Washington would be
immeasurably more difficult.

3. (U) We know that budgets are tight and in future fiscal
years will become increasingly so. However, in our view the
investment made in maintaining the Attache position in
Buenos Aires would be money well spent. Regards.


© Scoop Media

World Headlines


Timor-Leste: UN Agencies Support Response In Wake Of Deadly Floods

United Nations agencies in Timor-Leste are supporting response efforts, as floods and landslides left widespread damage across the country, including in the capital, Dili. According to media reports, at least 21 people died in the country and many ... More>>

Myanmar: Stop ‘Widespread Violence’ Against Children, UN Officials Urge

Senior United Nations officials on Thursday strongly condemned the ongoing violence by Myanmar’s security forces against civilians, including children, as the members of the Security Council expressed alarm at the rapidly deteriorating situation in ... More>>

COVID-19 Origins Report Inconclusive: We Must ‘Leave No Stone Unturned’ – WHO Chief

The report from a team of international scientists assembled by the World Health Organization (WHO) to examine how COVID-19 first spread to humans was published on Tuesday, and was described by the UN health agency’s chief as a welcome start, ... More>>

Focus On: UN SDGs

UN: Growing Calls For Revamping Development Financing To Ensure Sustainable Global Recovery From COVID-19 Pandemic

Forum to highlight new initiatives to tackle inequalities exacerbated by pandemic With many economies reeling as a result of the COVID-19 pandemic, and as inequalities continue to widen, world leaders will discuss options to unlock concrete investments ... More>>

How Can We Vaccinate The World? Five Challenges Facing The UN-Backed COVAX Programme

The aim of the UN-backed COVAX scheme is to get two billion vaccine doses into the arms of around a quarter of the population of poorer countries by the end of 2021. What are the main challenges that need to be overcome, if this historic global effort ... More>>

Department Of Global Communications: UN Secretary-General António Guterres’ Message For World Health Day 2021

5 APRIL 2021 As COVID-19 Reveals Immoral Inequities in Health System, Secretary-General Observance Message Calls for Applying Policies, Assigning Resources to Ensure Everyone Thrives Following is UN Secretary-General António Guterres’ message for World ... More>>