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35m ago

Caputo Drives U.S.–IMF Support Talks in Washington as Schumer Denounces $20 Billion Plan

Shutdown politics in Washington cloud the timing of any deal.

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El Gobierno continúa las tratativas en Washington por un auxilio de dólares.
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Overview

  • Argentina’s economy minister Luis Caputo met U.S. Treasury Secretary Scott Bessent and IMF Managing Director Kristalina Georgieva, with both citing productive discussions but offering no specifics.
  • Options under discussion reportedly include a $20 billion currency swap, Treasury purchases of Argentine bonds in primary and secondary markets, and a sizable standby credit via the Exchange Stabilization Fund.
  • The IMF is actively engaged, and Georgieva has floated using U.S. holdings of Special Drawing Rights to help structure a package, according to Argentine reporting.
  • Senate Democratic leader Chuck Schumer publicly criticized President Trump for pursuing multibillion‑dollar assistance during a federal shutdown, reflecting growing political resistance that includes farm groups.
  • Argentina’s presidency is keeping details tightly held while hoping for an announcement before October 14 to calm markets ahead of October 26 legislative elections, with the shutdown potentially complicating any steps that require Congress.