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Milei Says U.S. Treasury Talks for 2026 Debt Backstop Are “Very Advanced”

Argentine reports describe a China‑style currency swap under discussion to bolster reserves, with the size and terms unannounced.

Overview

  • The government says it is seeking short‑term external liquidity to cover specific 2026 maturities of $4.0 billion in January and $4.5 billion in July.
  • President Javier Milei confirmed active negotiations with the U.S. Treasury for emergency support intended to steady the economy.
  • Ámbito, citing sources, reported the instrument discussed resembles Argentina’s currency swap with China, though no deal has been announced.
  • Market commentary speculates a facility of at least $10 billion, a figure not confirmed by either government.
  • Milei travels to New York for the UN General Assembly and an Atlantic Council award to be presented by Treasury Secretary Scott Bessent, with no bilateral meetings formally set.