Overview

• Casa Rosada confirmed a Tuesday bilateral with President Donald Trump during the UN General Assembly, with Milei also set to meet IMF Managing Director Kristalina Georgieva and receive an Atlantic Council award from Treasury Secretary Scott Bessent.
• Milei said negotiations with Washington are “very advanced,” and multiple reports cite a tentative U.S. Treasury backstop near US$30 billion, potentially using the Exchange Stabilization Fund, with any funds not expected to arrive immediately.
• Coverage indicates the U.S. is considering conditions such as guarantees tied to more than US$20 billion of 2026 debt service, and any deal would need close coordination with the IMF.
• The central bank sold about US$1.11 billion across three sessions to defend the peso’s band, as Economy Minister Luis Caputo pledged to sell at the ceiling and insisted there will be no change to the exchange framework.
• Risk remains elevated with spreads above 1,400 basis points and the Financial Times warning the defense strategy looks unsustainable, following a Buenos Aires provincial defeat and political setbacks that have strained confidence.