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US is working on doubling aid to Argentina to $40 billion by tapping private funding sources
The Trump administration seeks to double private sector financing to $40 billion to help Argentina stabilize its peso and manage over $300 billion in external debt, Treasury said.
- The U.S. Treasury announced it would double financial aid to Argentina from $20 billion to $40 billion to stabilize its economy, according to Treasury Secretary Scott Bessent.
- President Donald Trump stated that aid to Argentina is contingent upon the election outcome for President Javier Milei's party.
- Critics, including Senator Bernie Sanders, argue that the bailout prioritizes political alliances over domestic needs, highlighting American farmers' discontent.
- Reports indicate that Argentina's economic crisis persists with high inflation and poverty rates, putting Milei's governance under scrutiny ahead of the October 26 elections.
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Trump admin looking to double $20B in aid to Argentina with private funding
The Trump administration's so-called bailout of Argentina's economy is raising some eyebrows and has plenty of second-guessers. The administration is looking to provide an additional $20 billion in financing through a mix of sovereign funds and the private sector. It comes on top of the $20 billion commitment the U.S. already made with Argentina's President Javier Milei on Tuesday. The initial $20 billion assistance is a currency swap in which t…
Coverage Details
Total News Sources29
Leaning Left11Leaning Right4Center3Last UpdatedBias Distribution61% Left
Bias Distribution
- 61% of the sources lean Left
61% Left
L 61%
C 17%
R 22%
Factuality
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