Bessent Signals Willingness to Offer Argentina a Credit Line

Scott Bessent said in a closed meeting with investors in the United States that if there was an international shock, the White House would offer a loan line to the Argentine government

Bessent Signals Willingness to Offer Argentina a Credit Line

US Treasury Secretary Scott Bessent said the Trump administration would be willing to offer Argentina’s government a specific credit line if a global shock jeopardized President Javier Milei’s economic turnaround, according to three people with direct knowledge of his comments.

U.S. is ready to offer FX credit line to Argentina

U.S. Treasury Secretary Scott Bessent said the Trump administration would be prepared to extend an Foreign Exchange credit line to Argentina if an unexpected outside event threatened the country’s economic progress. Bessent’s comment at a private meeting in Washington suggests the United States could tap its Exchange Stabilization Fund to support Argentina in case of a no‑fault shock. Bessent, who recently visited Buenos Aires, told the gatherin…

Bessent's statements had an immediate impact on the markets.

Donald Trump's government, through Treasury Secretary Scott Bessent, stated that "I would be willing" to offer a specific line of credit to Javier Milei's government "if you need it." According to Bloomberg news agency, the line of credit would be in case an external shock would jeopardize economic recovery, and as long as President Milei "keeps the course." "If Argentina needs it, in the event of an external shock and if Milei keeps the course,…

In a private meeting, the U.S. Treasury Secretary said the White House would offer a loan line to Milei's administration.