Overview

• U.S. Treasury Secretary Scott Bessent said support for Argentina would be doubled around a $20 billion swap commitment, with Treasury buying pesos as part of market operations reported this week.
• President Javier Milei and Economy Minister Luis Caputo stated the U.S. backing extends through Milei’s term, and Milei publicly dismissed claims that assistance hinges on the October 26 vote.
• Argentina’s ambassador in Washington, Alec Oxenford, denied any conditions from President Donald Trump and said he expects an imminent commercial agreement, framing closer ties as mutually beneficial.
• Market reaction remained choppy, with Argentine bonds and equities initially sliding after the Washington meetings before officials moved to reassure investors about the scope and duration of the U.S. lifeline.
• Congressional frictions escalated as Karina Milei, Luis Caputo and Mario Lugones declined to attend scheduled interpellations, bloc leaders demanded new dates, and divided opposition texts advanced an interpellation of Chief of Cabinet Guillermo Francos.