US EditionUS is working on doubling aid to Argentina to $40 billion by tapping private funding sources
The Trump administration aims to stabilize Argentina’s economy with $40 billion in aid, addressing its $300 billion debt amid rising inflation and poverty, Treasury says.
- The U.S. plans to double its aid to Argentina from $20 billion to $40 billion, as confirmed by Treasury Secretary Scott Bessent.
- President Donald Trump stated that aid is contingent on Argentine President Javier Milei winning the upcoming election.
- Critics argue that this bailout diverts funds from American needs while aiding Milei's presidency.
- Despite some positive market responses, many remain skeptical about the effectiveness of U.S. support for Argentina amid ongoing economic issues.
58 Articles
58 Articles
Scott Bessent working on another $20 billion of Argentina financing with private banks, sovereign funds, 'more focused on the debt market'
Trump has suggested that the money could be pulled if Javier Milei's party does not prevail in the Oct. 26 midterm elections.
US Is Working on Doubling Aid to Argentina to $40 Billion by Tapping ...
Trump administration working to double Argentina aid through partnerships: Bessent
The Trump administration is seeking to secure a total of $40 billion in financial assistance for Argentina to help the country’s libertarian leader stabilize its turbulent financial markets. Treasury Secretary Scott Bessent said Wednesday that the U.S. is looking to provide an additional $20 billion to the Latin American ally, through a mix of financing…
Trump administration looks to double aid for Argentina to $40 billion. Here’s how
The Trump administration is looking to provide an additional $20 billion in financing for Argentina through a mix of financing from sovereign funds and the private sector.That would come on top of the $20 billion credit swap line that the U.S. Treasury pledged to Argentine President Javier Milei and his government this month to bolster the South American nation’s collapsing currency.“We are working on a $20 billion facility that would complement…
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