The U.S. Treasury announced on Wednesday it will grant a full-on bailout for Argentina, which includes the purchase of the country’s USD bonds, a stand-by credit line, and a US$20 billion swap with the Central Bank.
“The Trump Administration is resolute in our support for allies of the United States, and President Trump has given President Milei a rare endorsement of a foreign official, showing his confidence in his government’s economic plans and the geopolitical strategic importance of the relationship between the United States and Argentina,” Treasury Secretary Scott Bessent posted on X.
Bessent’s announcement comes a day after U.S. President Donald Trump met President Javier Milei during the United Nations General Assembly and declared his full-throated support for him in a videoed message. Trump declared that Milei had his “complete and total endorsement for re-election as president.” Asked by…
