Any doubts about the extent of the support the United States has decided to provide Argentina were dispelled Wednesday. Treasury Secretary Scott Bessent announced before the markets opened that the White House is negotiating with the government of Javier Milei over a $20 billion currency swap to strengthen the Central Bank’s reserves, the purchase of Argentine debt bonds, and a “significant stand-by credit via the Exchange Stabilization Fund,” the amount of which was not specified. “Argentina has the tools to defeat speculators, including those who seek to destabilize Argentina’s markets for political objectives,” Bessent wrote on social media, implying that Washington could react if the attacks suffered by the South American country’s peso and bonds last week are repeated.
The Treasury announcement comes a day after Trump and Milei met on the sidelines of the UN General Assembly in New York. Before the meeting, Trump…
