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Milei Heads to UN Gathering Seeking Trump Meeting and Treasury Talks

Officials are pursuing signals of U.S. support, including a possible credit line previously floated by Scott Bessent, to stabilize markets ahead of October elections.

Overview

  • Javier Milei will travel to New York this week for the UN General Assembly accompanied by Economy Minister Luis Caputo and presidential secretary Karina Milei.
  • The government is trying to arrange an informal bilateral with President Donald Trump during UN events, with no formal meeting confirmed.
  • Scott Bessent is set to present Milei with the Atlantic Council’s Global Citizen Award on September 24 after publicly signaling in April that the U.S. could use the Exchange Stabilization Fund if conditions are met.
  • Argentina’s financial stress has intensified, with country risk above 1,400 points and the central bank selling $53 million and then $379 million to defend the top of the currency band around 1,474.5 pesos.
  • Reports say a direct U.S. Treasury loan or FSE line has been discussed and could be announced around a bilateral, though no commitment has been made public.