Vice President Mike Pence is in Argentina, where he's expected to praise President Mauricio Macri's economic reforms days after local midterm elections that were seen as a boost for Macri's pro-business agenda.

Pence is expected to meet with local officials, hold a joint press conference with Macri, and deliver a speech as the Buenos Aires stock exchange focused on economic ties between the two countries. Pence is on a week-long visit to Latin America.

Investors have praised Macri's decision to cut government spending, reduce taxes on exports and end economic distortions that led to years of high consumer prices under his predecessor.

Macri and President Donald Trump enjoy a personal relationship dating back years from their days as businessmen. Both hope to leverage those ties to boost U.S.-Argentina relations.