US EditionTrump: No Money for Health Care, Plenty for Argentina
The $20 billion swap aims to stabilize Argentina's peso and support President Milei's austerity reforms amid rising social unrest, Treasury Secretary Scott Bessent said.
- Recently, Treasury Secretary Scott Bessent announced a $20 billion currency swap line with Argentina's central bank, coinciding with President Javier Milei's recent Washington, DC visit and his upcoming election later this month.
- Longstanding conditionalities from the IMF, including a $45 billion 2018 package, have enforced structural adjustments between Milei's 2023 election and end of 2025, with a $20 billion IMF package approved in April.
- Weekly Wednesday protests by retirees and pensioners, now over 1,750, have faced repression including tear gas and beatings, while pensions average around 385,000 pesos .
- With an election later this month, observers say the US aims to calm markets as Scott Bessent floated expanding aid to $60 billion by tapping private sources, benefiting billionaire Rob Citrone.
- Analysts warn Argentina owes over $60 billion, nearly four times the next-largest IMF borrower, while Marcos Wolman calls the debt 'unpayable' and urges suspending payments and probing legitimacy.
14 Articles
14 Articles
Trump: no money for health care, plenty for Argentina
This story originally appeared in Jacobin on Oct. 17, 2025. It is shared here with permission. Last November, Americans voted for a president who said he would put “America First.” They’re getting “Argentina First” instead. Earlier this week, the Donald Trump administration announced it was doubling its planned bailout of Argentina, which, under President Javier Milei’s harsh austerity program, has seen its economy stagnate and the country scram…
Donald Trump Is Bailing Out Javier Milei’s Austerity Regime
As Washington shuts down and safety nets vanish, Donald Trump is sending billions to rescue Argentina’s far-right government. Argentine pensioners, driven into poverty by Javier Milei’s cuts, are in the streets demanding survival. Assistance to Argentina fits into a broader project of social services cutbacks championed by Donald Trump, Javier Milei, and international outfits like the IMF and World Bank. (Kevin Dietsch / Getty Images) Argentine…
A government that arrives at elections with failures; Cristina Kirchner argues with Kicilof for the split; Bessent, argentinized; Trump's intervention
The U.S. Treasury Secretary praised Milei’s economic policy and expressed the White House’s strategic interest in supporting it. He said the swap is “a bridge to a better future; it is not a rescue.”
The Secretary of the Treasury of the United States, Scott Bessent, went out on Tuesday to publicly support the financial agreement between his country and Argentina, signed a day earlier by the Central Bank. Through his account on social network X, the official clarified that the understanding with the government of Javier Milei “is not a rescue, but a bridge to a more solid economic future.” In that sense, he highlighted Washington’s willingnes…
The Secretary of the Treasury of the United States, Scott Bessent, reiterated the support of the Donald Trump administration to President Javier Milei, because he said that a “stable and strong Argentina” is of “strategic interest” to his country, while pointing out that the support is a “bridge” and “not a rescue.” “We don’t want another failed state in Latin America, and a strong and stable Argentina as a good neighbor is explicitly in the str…
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