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2h ago

Trump Backs Milei as World Bank and BID Fast-Track Nearly $8 Billion for Argentina

Markets eased after multilateral lenders fast-tracked nearly $8 billion in support, with U.S. Treasury financing still being negotiated.

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El organismo internacional agilizará un tramo de un paquete crediticio ya aprobado para el país
AME3520. SANTIAGO (CHILE), 28/03/2025.- El presidente del Banco Interamericano de Desarrollo (BID), Ilan Goldfajn, habla durante una rueda de prensa este viernes, en Santiago (Chile). Goldfajn confirmó que Argentina está trabajando con su organismo créditos para fortalecer las reservas, pero rechazó detallar los montos. EFE/ Elvis González
Los presidentes Javier y Milei y Donald Trump, en su encuentro de ayer en Nueva York

Overview

  • President Donald Trump offered his “complete and total” endorsement for Javier Milei’s re‑election after a 20‑minute bilateral in New York, calling Argentina a strong ally.
  • Treasury Secretary Scott Bessent said the United States stands ready to support Argentina within its mandate and that all stabilization options are on the table.
  • The World Bank will accelerate $4.0 billion in financing and the Inter‑American Development Bank outlined $3.9 billion in expanded operations over the next 15 months.
  • Economy Minister Luis Caputo said a specific U.S. financing figure was discussed but declined to disclose details, indicating any announcement will come from the Treasury.
  • Signals of support helped relieve immediate market pressure as Milei planned a UN address, a meeting with IMF chief Kristalina Georgieva, and navigated toward the Oct. 26 legislative elections.