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US is working on doubling aid to Argentina to $40 billion by tapping private funding sources
The $40 billion aid package combines a $20 billion facility with a $20 billion credit swap line to support Argentina’s economy and upcoming elections, Treasury Secretary Scott Bessent said.
- The Trump administration announced plans to double aid to Argentina to $40 billion, according to Treasury Secretary Scott Bessent, in an effort to support the country's struggling economy before the upcoming elections.
- President Donald Trump indicated that the aid is contingent upon Argentina's President Javier Milei winning the election, expressing confidence that Milei will prevail.
- Critics, including Senator Bernie Sanders, argue that the bailout may benefit Trump's political allies while ignoring pressing domestic issues, highlighting concerns from U.S. farmers affected by Argentina's economic policies.
- The aid aims to stabilize Argentina's economy before their critical midterm elections on October 26, as high poverty and inflation persist.
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The United States announced on Wednesday, October 15, that it is negotiating with private investors a new $20 billion package for Argentina, which would raise financial aid to $40 billion, a total backlash to Javier Milei’s government. “We are working on a $20 billion (dollar) line of credit that would be complementary to our foreign exchange (swap) line, with private banks and sovereign funds, which I think would be more oriented to the debt ma…
Trump Government Advanced that Total Aid to Argentina Could Reach 40 Billion Dollars · Global Voices
US Treasury Secretary Scott Bessent said Wednesday that the government is working with the private sector on a new $20 billion aid plan to support Argentina.Read more]]>
Coverage Details
Total News Sources20
Leaning Left9Leaning Right4Center1Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
R 29%
Factuality
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