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.
243 Articles
243 Articles
Associated Press News
Trump says he doesn't think Argentina needs a bailout, but US will help
President Donald Trump has stopped short of promising a financial bailout for Argentina. He met Tuesday with Argentine President Javier Milei and Treasury Secretary Scott Bessent at the United Nations General Assembly in New York.
New York. U.S. President Donald Trump said Tuesday that he doesn’t think Argentina needs a “rescue,” meeting with his counterpart Javier Milei, who “is doing a fantastic job.” “We’re going to help them but I don’t think they need a rescue. He’s doing a fantastic job,” Trump said when he greeted Milei before journalists at the UN General Assembly in New York. “We’re talking about some specific figure I can’t say,” Economy Minister Luis Caputo tol…
On Tuesday, US President Donald Trump gave his "full and total" support to the re-election of his Argentine counterpart, Javier Milei, in the elections scheduled for 2027. In addition, the Republican has printed a publication that he has shared on the platform of Truth Social, in support of his "very good friend", and he has given it to him at a bilateral meeting on the margins of the UN General Assembly in New York. "Argentina: Javier Milei is …
Donald Trump declares that he does not believe that Argentina needs a 'rescue' by meeting with Javier Milei, who said he supports him for his re-election.
Scott Bessent and Elizabeth Warren cross social media for the possibility that the U.S. Treasury will provide assistance to the country
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