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Milei Confirms Advanced U.S. Treasury Talks as He Heads to New York for Trump and IMF Meetings

The government seeks a U.S. backstop to bolster reserves to secure 2026 bond payments after heavy central‑bank interventions rattled confidence.

Overview

  • President Javier Milei said negotiations with Washington are well advanced, with discussions centered on Treasury support that could tap the Exchange Stabilization Fund.
  • Reported scenarios vary from about US$10 billion to as much as US$30 billion, with coverage noting any facility would include conditions and would not deliver funds immediately.
  • The White House bilateral with President Donald Trump is confirmed and framed as a market confidence signal, alongside a meeting with IMF chief Kristalina Georgieva.
  • The central bank sold roughly US$1.11 billion over three sessions to defend the peso’s band, as Economy Minister Luis Caputo vowed to keep selling and to guarantee January and July 2026 bond payments.
  • IMF disbursements of about US$14 billion now account for most liquid resources, while market stress intensified after a provincial election setback and a corruption scandal cited in Financial Times coverage.