Overview

• Milei and Trump held a brief bilateral at the United Nations in New York, with Treasury Secretary Scott Bessent in attendance and an explicit endorsement from Trump for Milei’s 2027 re‑election.
• Bessent stated the Treasury is willing to do what is necessary within its mandate, listing options such as swaps, direct currency purchases and ESF purchases of dollar‑denominated Argentine debt.
• Reports describe a prospective package in the roughly USD 28–30 billion range aimed at covering near‑term sovereign maturities and reinforcing central bank reserves.
• A technical scheme under discussion would send dollars to the BCRA while Argentina deposits pesos in a U.S. Treasury account in New York, a format reported to avoid passage through Argentina’s Congress.
• Financial markets strengthened after the U.S. signals and Trump’s backing, while Trump said the U.S. will help Argentina but that he does not believe a full rescue is needed.