US EditionUS treasury secretary says Argentina has repaid its US credit line in a win for Milei
The $20 billion loan stabilized the peso and generated tens of millions in profit for U.S. taxpayers, marking a key step in Argentina's economic recovery.
- Argentina has repaid the US for a currency swap deal that provided dollar liquidity to avert a financial crisis ahead of elections last October.
- The US currency swap effectively propped up the value of the Argentine peso when its value was plummeting due to investors losing faith in the economy.
- Argentina's libertarian government under Milei won a major victory in the midterm elections, cementing support for his austerity program and allowing Argentina to return to international bond markets.
27 Articles
27 Articles
"I am pleased to announce that, as a sign of the strengthening of its financial stability, Argentina has rendered, quickly and completely", the funds advanced by the United States, assured US Treasury Secretary Scott Bessent on his account X.
Trump’s Treasury Scores in Argentina
Treasury Secretary Scott Bessent announced that Argentina has repaid the United States after having a $20 billion backstop last year. “I am pleased to announce that, reflecting its strengthened financial position, Argentina has both quickly and fully repaid its limited draw on the swap facility with the United States, such that the Exchange Stabilization Fund currently does not hold any pesos,” Bessent explained on social media. “Stabilizing a s…
The government of Argentina fully reimbursed the $20 billion that the United States had sent in October as an extraordinary funding line to sustain the country's economic stability, US Treasury Secretary Scott Bessent announced this Friday.Read more]]>
Argentina's Financial Turnaround: A Win for Milei's Libertarian Agenda
Argentina's Financial Turnaround: A Win for Milei's Libertarian Agenda In a major financial stride, Argentina has successfully repaid the funds it drew from a $20 billion credit line backed by the Trump administration, U.S. Treasury Secretary Scott Bessent declared Friday. This action is seen as a significant step toward bolstering confidence in the struggling Argentine economy under President Javier Milei.The Treasury report further elaborates …
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