Overview

• Luis Caputo arrived in Washington with Santiago Bausili, José Luis Daza and Pablo Quirno for meetings at the U.S. Treasury with Scott Bessent and Michael Kaplan to negotiate a coordinated support package.
• Scott Bessent has emphasized that the U.S. proposal is a currency swap rather than direct cash, with reporting describing potential components that also include a stand‑by credit and U.S. purchases of Argentine bonds via the Exchange Stabilization Fund.
• IMF chief Kristalina Georgieva confirmed a call with Bessent on coordinating support and said discussions include possible use of U.S. holdings of SDRs, adding that she expects to meet Argentine authorities in Washington in the coming days.
• Argentine dollar bonds gained roughly 2–3% and risk premiums narrowed after the coordination signals, while authorities sold about $200 million on Friday to stabilize the official exchange rate.
• Timing remains tight before the Oct. 14 Milei–Trump meeting and Oct. 26 legislative elections, with the IMF and U.S. urging broader political backing for reforms as Milei courts PRO support and campaigns in Santa Fe and Entre Ríos.