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U.S. Ambassador Says Firms Are ‘On the Verge’ of Unprecedented Investment in Argentina

The vow lacks specifics or signed commitments.

Overview

  • Peter Lamelas said on social media that U.S. and Western companies are poised to deploy an unprecedented amount of capital in Argentina following his meeting with the U.S.-Argentina Business Council.
  • Treasury Secretary Scott Bessent has described ongoing talks for a reported $20 billion Federal ReserveBCRA currency swap and signaled readiness for U.S. purchases of Argentine dollar bonds and an ESF standby loan.
  • No figures, timelines, or formal agreements have been announced for either private investments or official financial support.
  • Argentine outlets and market commentators highlighted skepticism, stressing that recent statements remain unconfirmed promises pending operational details.
  • Business interest discussed around the council focuses on energy, mining, infrastructure, and technology, while Argentina’s economic team heads to Washington for meetings led by Economy Minister Luis Caputo and Bessent.