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Milei to Meet Trump at White House as U.S. Backs Argentina With $20 Billion Swap

Buenos Aires seeks external backing to steady the economy before the October 26 vote.

Overview

  • Argentina’s Foreign Ministry confirmed the October 14 meeting at the White House between President Javier Milei and President Donald Trump.
  • U.S. Treasury Secretary Scott Bessent announced a $20 billion swap intended to support Argentina’s reserves and broader stabilization effort.
  • Milei lauded U.S. support, attacked kirchnerismo as obstructive, and reiterated his push for tax and labor reforms to spur jobs and growth.
  • A presidential team including Karina Milei, Economy Minister Luis Caputo, Security Minister Patricia Bullrich, spokesperson Manuel Adorni, and central bank chief Santiago Bausilli is set to travel to Washington on Monday.
  • Ambassador-designate Peter Lamelas pledged deeper ties focused on investment and trade, while reports suggest potential tariff changes and further backing are under discussion but not finalized.