Overview

• Javier Milei met Donald Trump for about 20 minutes at the UN in New York, after which Trump offered his “complete and total” backing for Milei’s re‑election.
• U.S. Treasury Secretary Scott Bessent said the department is prepared to act within its mandate and listed swap lines, direct FX purchases, and buying Argentine dollar debt as options, while Trump said he does not believe a rescue is needed.
• The World Bank said it will accelerate $4 billion in support to Argentina in the coming months as part of a broader package.
• Signals from Washington and the multilateral lender eased market stress, with reports of lower risk premia and a softer dollar trend for Argentina.
• Argentine opposition parties demanded that any U.S. deal be submitted to Congress for approval, as unconfirmed reports about possible U.S. military access in Ushuaia drew pushback from officials.