US EditionU.S. Backs Argentina as Hemisphere Beacon to Prevent Regional Instability
The US plans a $20 billion currency swap and other financial aid to stabilize Argentina’s economy and support President Javier Milei ahead of the October 26 election.
- Ahead of IMF/World Bank meetings beginning October 13, Scott Bessent said Washington is fully prepared to support Argentina as Luis Caputo plans to travel to Washington, D.C.
- Facing market pressure, President Javier Milei struggles to ease jitters as Argentine markets lost almost five percent, while Bessent said US aid should support Argentina's October 26 election.
- Negotiators outlined specific tools including a US$20-billion swap line, `stand-by credit` from the Treasury's Exchange Stabilization Fund, and bond purchases, with Bessent clarifying `Let me be clear about this: we are giving them a swap line, we are not putting money into Argentina`.
- After a call on Wednesday, Bessent said he had a `very positive call` with Luis Caputo and that further talks and President Javier Milei’s White House visit on October 14 are planned.
- Framing US policy, Bessent said `America First does not mean America alone` and described Washington as `maintaining a US strategic interest in the Western Hemisphere`, adding `Many of the governments down there moved from far-left to centre-right... And now, Argentina is a beacon down there.
15 Articles
15 Articles
US Treasury chief issues second message of support for Milei's Argentina
US Treasury Secretary Scott Bessent says Washington is "fully prepared to do what is necessary" in support of Milei as he confirms Argentina is key to “maintaining a US strategic interest in the Western Hemisphere.”
U.S. Backs Argentina as Hemisphere Beacon to Prevent Regional Instability
The United States is bolstering Argentina as a key ally in the Western Hemisphere, aiming to prevent regional instability akin to Venezuela's plight. Treasury Secretary Scott Bessent expressed support for President Javier Milei, highlighting collaborative economic strategies and upcoming high-level discussions for financial assistance.
What Is a "Swap" of Currencies Like the One that Negotiates Argentina with the Trump Administration?
The economic teams of both countries are negotiating the terms of the ransom offered by the US and President Javier Milei plans to return on October 14 to the US – for the second time this month – to meet Trump in the White House Oval Hall.
The Chief of Staff referred to Scott Bessent’s new sayings about the agreement between the Milei government and the White House. He also referred to the impact of zero retentions on Minister Luis Caputo’s economic plan.
The United States is advancing its plan to support Javier Milei’s government. Today the Treasury Secretary said it will be a currency exchange. What this instrument is about. Read more
President Javier Milei today compared U.S. Treasury Secretary Scott Bessent to Lionel Messi; he said Domingo Cavallo committed "an act of intellectual dishonesty" by downplaying the Kuka Risk; and he once again defended José Luis Espert, considering that the links attributed to him with a businessman linked to drug trafficking "are a rehash of a 2019 operation." Asked about the negotiations with the U.S. Treasury for the country to receive a $20…
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