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5h ago

Milei Says U.S. Backing, $20 Billion Swap Secured During His Tenure

He casts the U.S. package as a geopolitical deal tied to Argentina becoming an unconditional ally.

Argentina's President Javier Milei speaks during a meeting with US President Donald Trump in the Cabinet Room at the White House in Washington, DC on October 14, 2025. (Photo by ANDREW CABALLERO-REYNOLDS / AFP)
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Juan Grabois, duro con Javier Milei tras el encuentro con Donald Trump

Overview

  • Returning from Washington, Javier Milei said the United States’ support is assured while he is president and described his White House meeting with President Donald Trump as unprecedented for Argentina.
  • U.S. Treasury Secretary Scott Bessent announced roughly $20 billion in support for Argentina, with local reporting that the total could reach about $40 billion.
  • Milei said the funds will be used to pay debt and outlined a contingency to execute the swap in January if markets are closed for an $8.5 billion maturity.
  • Addressing Trump’s prior comment that U.S. generosity depends on electoral outcomes, Milei rejected any conditionality and said Trump reaffirmed full backing through at least 2027.
  • Opposition figures including Juan Grabois, Jorge Taiana and Cristina Kirchner denounced the arrangement and Trump’s remarks as extortion and a threat to national sovereignty.