Overview

• President Javier Milei and strategist Santiago Caputo are scheduled to meet Scott Bessent in Washington on Wednesday, seeking support to steady the economy.
• Bessent promised a U.S. financial “cheque” during an April visit, which the administration now expects as a lifeline to defend the currency band through the election period.
• Analysts with knowledge of U.S. decision-making warn that political alignment with the Trump administration may not translate into a bridge loan.
• New U.S. Ambassador Peter Lamelas is arriving to take up his post in Buenos Aires, a step the government presents as confirmation of White House support.
• Market stress has forced the sale of reserves to cap the dollar within the band, while a heavy Buenos Aires Province defeat, corruption allegations and a clash with Juan Schiaretti have eroded the government’s standing.