US EditionCrisis-Hit Argentina Inks $20 Bn Rescue with US
51 Articles
51 Articles
Crisis-hit Argentina inks US$20 billion rescue with US
BUENOS AIRES, Argentina: Argentina and the United States signed off on a US$20 billion financial lifeline Monday (Oct 20), hoping to avert economic meltdown and boost President Javier Milei ahead of tough legislative elections.President Donald Trump has plied Argentina with political and economic support ahea
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Crisis-hit Argentina inks $20 bn rescue with US
Argentina and the United States signed off on a $20 billion financial lifeline Monday, hoping to avert economic meltdown and boost President Javier Milei ahead of tough legislative elections.
This Monday, less than a week after the legislative elections take place in Argentina, the South American country has signed a swap (financial swap) with the United States for 20 billion dollars. The objective of the financial bailout of the government of President Donald Trump to his pair Javier Milei is linked to the economic chaos that reigns in the days before the elections, in which the volatility of the financial markets has been accentuat…
Canal C Scott Bessent officialized the agreement with Argentina: “It is not a ransom” The US Treasury Secretary, Scott Bessent, officially signed a currency swap agreement with the Central Bank of the Argentine Republic (BCRA) on Tuesday for a sum of $20 billion, following the announcement made on Monday by the national government. In a publication on social network X, the official called the understanding “a bridge to a better future, not a res…
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