Scott Bessent Defended Financial Salvage to Milei's Government: "We Got Tens of Millions of Dollars"
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The Secretary of the Treasury defended the $20 billion swap line before Congress, said it was fully guaranteed and stressed that Argentina stopped relying on far-left governments. The post Scott Bessent confirmed his support for Javier Milei and his government: «An example for all Latin America» appeared first on El Intranssigente: Latest news from Argentina and the world in real time.
The U.S. Treasury Secretary spoke to the U.S. Congress, where he showed his support for the country and Milei's economic program.
The Treasury Secretary assured Congress that the $20 billion operation was fully guaranteed and generated revenue for the US.
Scott Bessent Defended Financial Salvage to Milei's Government: "We Got Tens of Millions of Dollars"
The U.S. Treasury Secretary referred to the $20 billion swap agreed with the Argentine Central Bank. Read more
The U.S. Treasury Secretary assured Congress that Argentina used only a portion of the swap of up to US$20 billion and that the funds were returned. He also stressed that the operation generated profits for the United States.
The Treasury Secretary defended the $20 billion line before Congress and said he left tens of millions of profits; he also referred to intervention in the yen of Japan, the largest US bond holder.
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