US EditionArgentina Hopes to Finalize $20 Billion Swap Line Before Midterm Vote
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11 Articles
Argentina hopes to finalize $20 billion swap line before midterm vote
Argentina's Economy Minister Luis Caputo said he hopes to "very soon" execute a framework that will contain the terms of a $20 billion currency swap the U.S. recently agreed with Argentina's central bank, ideally before this month's midterm election. President Javier Milei is seeking to expand his minority presence in…
The president of the Central Bank said they advanced in the legal framework and that “very soon” that liquidity line will be active; it could be within the next two weeks, he said.
Santiago Bausili affirmed it at a conference in Washington. It is the main component of the US government's salvatage to Argentina
The president of the Central Bank said that all the associated documentation was completed to receive the promised salvage. He also considered the pre-election coverage phase to be a "very extreme" financial situation and trusted that it would be reversed after the October elections.
The holder of the Central Bank (BCRA), Santiago Bausili, said that there is an agreement with the United States about the swap (exchange of currencies) that will be for US$20 billion. Regarding the date on which the financial aid would arrive, he could not give concrete dates. “We have already arrived conceptually to an agreement on the framework,” said the president of the BCRA, after the announcement by US Treasury Secretary Scott Bessent that…
The President of the Central Bank said he hopes to finalize the details of the procedure before the legislative elections, in a meeting with Luis Caputo in the framework of the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB). Read more
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