US EditionU.S. Treasury Announces Rescue Plan for Argentine Economy
The US Treasury aims to stabilize Argentina's economy with a $20 billion swap line and bond purchases amid political uncertainty ahead of October midterms, officials say.
- On Wednesday, Scott Bessent, a Treasury official, said the US is negotiating a $20 billion swap line with Argentina's Central Bank and is ready to purchase Argentina's USD bonds as conditions warrant.
- After a September 7 provincial loss, Argentina's peso fell sharply as the Buenos Aires Province election was seen as a litmus test for October 26, prompting President Javier Milei to seek calm among Argentine investors.
- Argentine bonds extended gains after Scott Bessent's follow-up post on X that the administration 'stands ready to do what is needed', and assets soared after he called Argentina 'a systemically important US ally.'
- That stance increases the odds Argentina could issue debt in early 2026, and US firms may invest if October 26 results favor Milei.
- From a geopolitical angle, Washington views the proposed US swap line, larger than Argentina's China line, with questions from Senator Elizabeth Warren about a potential 'bailout' as domestically scrutinized.
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The Conversation
Eagle-TribuneWhy Argentina is looking to the Trump administration for a bailout − and what the US Treasury can do to help
Done deal? U.S. President Donald Trump shakes hands with Argentine counterpart Javier Milei during a bilateral meeting on Sept. 23, 2025. Chip Somodevilla/Getty ImagesPresident Donald Trump vowed to help out his Argentine counterpart Javier Milei on Sept. 23, 2025, a day after the U.S. administration said “all options” were on the table in regard to a bailout for the Latin American country’s rocky economy. A day after Trump and Milei’s meeting o…
Although Washington clarified that it negotiates a currency swap with the Central Bank and not a public credit, the opposition bloc maintains that the understanding implies a “political-financial rescue”
(Mexico City=Yonhap News) Correspondent Lee Jae-rim = As the United States formalized its push for a $20 billion (28 trillion won) currency swap with Argentina, Argentina...
'Dude!' Trump secretary stuns by revealing taxpayer bailout to sway Argentina election
U.S. Treasury Secretary Scott Bessent admitted that Donald Trump's administration was trying to help Argentina President Javier Milei maintain power by extending billions of loans to boost that nation's economy.The U.S. will extend a $20 billion swap line to Argentina and may purchase debt from its ...
The Killeen Daily Herald
US Treasury in talks with Argentina on $20bn support
The United States said on Wednesday it was in talks with Argentina on a $20 billion program of economic support, buoying Argentina's markets and its embattled leader Javier Milei, a close ally of President Donald Trump.
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