"Situated on the Atlantic coast of South America's Southern Cone, Argentina has a vibrant democratic tradition and has Latin America's third-largest economy. U.S.-Argentine relations have been strong in recent years. [...] Upon taking office, President Fernández faced an economy in recession, high poverty, and unsustainable public debt. He pledged to restructure Argentina's debt and opened talks with bondholders and other creditors. He also rolled out several measures, including a food program and price controls on basic goods, aimed at helping low-income Argentines cope with inflation and increased poverty. [...] Argentina has been hard hit by the pandemic. COVID-19 [coronavirus disease 2019] cases and deaths surged in May and June 2021 but have since declined. As of September 29, 2021, the country reported over 115,000 deaths, with a mortality rate of 255 per 100,000 people, according to Johns Hopkins University. Although the procurement and rollout of vaccines was initially slow compared with some other countries, as of September 29, 48.1% of Argentina's population was fully vaccinated. [...] In July 2021, the United States donated 3.5 million doses of COVID-19 vaccine (Moderna) to Argentina. In addition, according to the U.S. Embassy in Buenos Aires, the United States has donated more than $4 million in COVID-19 relief supplies, including three relief hospitals and other supplies provided by the U.S. Southern Command."
CRS In Focus, IF10932
Congressional Research Service: https://crsreports.congress.gov/