US EditionUS Treasury's support for Argentina gives peso, Milei friendly leg-up, for now
U.S. Treasury Secretary Scott Bessent pledged full support with financial tools to stabilize Argentina’s economy amid peso collapse and political uncertainty before midterm elections.
- U.S. Treasury Secretary Scott Bessent announced that the United States will support Argentina amid economic turmoil, offering options like currency swap lines and direct purchases of Argentine bonds.
- President Javier Milei is facing a financial crisis following a local election defeat, which negatively impacted the peso and investor confidence.
- Argentina's inflation has decreased from over 200 percent to 35 percent as the International Monetary Fund noted that Milei's policies are beginning to work.
- Despite temporary support measures, analysts caution that market conditions may continue to challenge Argentina's economic stability.
326 Articles
326 Articles
Bessent: US investments in Argentina may hinge on election results
Treasury Secretary Scott Bessent suggested Wednesday that planned investments in Argentina from several major U.S. companies could depend on the results of the country's upcoming legislative elections. In a Wednesday post on social media, Bessent outlined several steps the U.S. was taking to prop up the Argentine economy and financial sector. These measures included a commitment to purchase Argentina's U.S. bonds and an unspecified amount of gov…
By Federico Jofre, CNN en Español This Tuesday, Donald Trump clearly showed his support for a weakened Javier Milei when he gave him his full backing for the elections. But what was supposed to be an important political gesture today became an economic reality: US Treasury Secretary Scott Bessent announced that they are negotiating a package of different actions to help Argentina. In a post on his X account, Bessent said that, among other things…
Trouble in Libertarian Paradise
On Monday, Treasury Secretary Scott Bessent signaled that the Trump administration is committed to doing what is necessary to stabilize Argentina amid fears of another inflationary spiral. “All options for stabilization are on the table,” he declared “including swap lines, direct currency purchases, and purchases of dollar-denominated debt” held by Argentina. In response, Argentine President and Trump ally Javier Milei thanked Bessent for his “u…
The U.S. Treasury Department must grant a generous loan to the Milei government, whose economic policy is undermined by the prospect of a defeat during the legislative elections on 28 October.
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