US EditionMilei’s Argentina Is at a Crossroads — the US Can Help Ensure Its Success
The US Treasury’s $20 billion currency swap aims to stabilize Argentina’s peso amid market volatility before the October 26 midterm elections, Treasury Secretary Scott Bessent said.
- On Wednesday, US Treasury Secretary Scott Bessent said Washington is 'fully prepared to do what is necessary' to support Argentina, with plans for a team to travel to Washington around October 13.
- Pressure stems from a sharp AR$98.50 t dollar jump and reserve losses with only 15 market days before the October 26 election, intensifying currency turmoil in Argentina.
- Treasury officials say support would come via swap lines, standby credit or bond purchases, with a US$20-billion swap line in negotiation and Bessent stressing, `Let me be clear about this: we are giving them a swap line, we are not putting money into Argentina.`
- Under heavy domestic criticism, President Javier Milei likened Bessent to Lionel Messi while thanking him for support; Milei is scheduled for a White House visit on October 14 and Bessent told G7 finance ministers the success of Milei's policies matters regionally and globally.
- Bessent framed the effort as protecting US strategic interests in the Western Hemisphere, saying Argentina is a 'beacon' that could influence Bolivia, Ecuador and Colombia after elections.
20 Articles
20 Articles
Milei’s Argentina is at a crossroads — the US can help ensure its success
The U.S. is providing economic support to Argentina to help stabilize its economy and attract private investment, but long-term success requires congressional approval of necessary legislation and oversight.
Bessent insists US ready to help Argentina
US Treasury Secretary Scott Bessent publicly reiterated his strong support for Argentine President Javier Milei's government, confirming that his agency was prepared 'to do whatever it takes' to stabilize the South American country's economy and was working on a currency swap package believed to be around US$20 billion.
This financial support mechanism has been used in times of economic crisis or currency instability
US Treasury chief issues second message of support for Milei's Argentina
US Treasury Secretary Scott Bessent says Washington is "fully prepared to do what is necessary" in support of Milei as he confirms Argentina is key to “maintaining a US strategic interest in the Western Hemisphere.”
U.S. Backs Argentina as Hemisphere Beacon to Prevent Regional Instability
The United States is bolstering Argentina as a key ally in the Western Hemisphere, aiming to prevent regional instability akin to Venezuela's plight. Treasury Secretary Scott Bessent expressed support for President Javier Milei, highlighting collaborative economic strategies and upcoming high-level discussions for financial assistance.
Latin American Summary, October 2, 2025. Treasury Secretary Scott Bessent said the support will be realized through a “swap” of coins and not with a direct loan, cooling the expectations of Milei’s government. The weight falls and the risk increases country. Scott Bessent, Secretary of the Treasury of the United States and former advisor [...] La entrada Argentina. The United States will not lend money to Milei was first published in Latin Ameri…
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