US EditionUS Treasury's support for Argentina gives peso, Milei friendly leg-up, for now
- The Argentine government announced it will halt export duties on grains through October 31 as a measure to stimulate the economy amid the ongoing peso crisis and instability in financial markets.
- This measure follows a sharp drop in the peso’s value and investor sell-off, while President Javier Milei faces political pressure after recent election losses.
- The United States Treasury, led by Scott Bessent, pledged to support Argentina and said it is ready to “do what is needed,” including currency swaps and debt purchases.
- Bessent affirmed that the US is considering every possible measure to help stabilize Argentina’s financial situation, while Milei thanked the US for its steadfast support, which contributed to a rise in Argentine stocks and bond prices.
- This US backing and export tax relief aim to stabilize Argentina’s economy ahead of the upcoming October 26 legislative elections and manage $8.5 billion in debt due next year.
187 Articles
187 Articles
The US Treasury Secretary, Scott Bessent, provides financial support to Argentina, but resistance is emerging in the US.
US pledges support for Argentina’s economy and a Trump ally in crisis - Hawaii Tribune-Herald
The Trump administration pledged Monday to do whatever is necessary to support Argentina’s struggling economy, throwing a lifeline to the country’s embattled president, Javier Milei, before legislative elections there next month.
The U.S. Treasury reported yesterday that it is willing to “do what is necessary” to support Argentina’s economy, while President Javier Milei tries to calm the financial markets, affected by various political setbacks.
mannheim24.de
op-online.deGlobal market and Western media have supported Javier Milei's chainsaw in Argentina so far. Now he is under pressure and needs Donald Trump's help.
CHRONIQUE. The United States has announced that it is ready to provide cash in dollars to Argentina, irritating a start of financial panic. An alliance between radical rights far enough from the doctrine of the free market, says Eric Albert, economic journalist at the "World".
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