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Milei to Meet Trump in New York as Argentina Seeks U.S. Treasury Backstop

Officials say talks for support to cover 2026 payments are very advanced.

Overview

  • Buenos Aires confirmed a Tuesday bilateral between President Javier Milei and U.S. President Donald Trump during the UN General Assembly in New York.
  • The government says it is negotiating U.S. Treasury financing to reinforce central bank reserves and address 2026 maturities, with local reports citing an unconfirmed figure near $30 billion subject to conditions.
  • Treasury Secretary Scott Bessent has signaled potential use of the Foreign Exchange Stabilization resources if policy continuity holds, and he is slated to present Milei with the Atlantic Council Global Citizen Award.
  • Milei will meet IMF Managing Director Kristalina Georgieva in New York as Economy Minister Luis Caputo prepares to detail recent Central Bank dollar sales of about $1.11 billion under the exchange-rate band framework.
  • Currency stress has intensified, with the official dollar near ARS 1,515 at Banco Nación and country risk above 1,400 points, while Caputo insists the government will sell dollars to defend the band and ensure upcoming debt payments.