US EditionUS Treasury's support for Argentina gives peso, Milei friendly leg-up, for now
The U.S. Treasury considers currency swaps, direct purchases, and debt acquisitions to stabilize Argentina’s peso amid political setbacks, with a $20 billion package under negotiation.
- 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.
381 Articles
381 Articles
Javier Milei’s last chance
“Argentina is a systemically important US ally in Latin America”, tweeted US Treasury Secretary Scott Bessent on Monday morning. It was not a moment too soon for Javier Milei. “The US Treasury stands ready to do what is needed within its mandate to support Argentina,” wrote Bessent. “All options for stabilization are on the table.” With this announcement, the US government indicated its readiness to do whatever was necessary to ensure the succes…
The Conversation
Why Argentina is looking to the Trump administration for a bailout − and what the US Treasury can do to help
A sharp sell-off of the peso has seen President Javier Milei seek a financial lifeline from the United States. Washington seems happy to help out.
Another dangerous financial crisis defeated
(Mexico City=Yonhap News) Correspondent Lee Jae-rim = As the United States formalized its push for a $20 billion (28 trillion won) currency swap with Argentina, Argentina...
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