Overview

• Treasury Secretary Scott Bessent said he had a very positive call with Economy Minister Luis Caputo and invited his team to Washington in the coming days to advance financial support talks.
• Bessent told CNBC the immediate instrument under negotiation is a roughly US$20 billion currency swap line, stressing "we are not putting money into Argentina," with other options still being discussed.
• Argentine bonds reversed early gains after the clarification, while the central bank continued sizable dollar sales to defend the exchange-rate band as reserves remain under pressure.
• President Javier Milei praised Bessent and confirmed an October 14 White House meeting with President Donald Trump ahead of Argentina’s October 26 legislative elections.
• Caputo said his team is working to finalize what Treasury outlined, as Bessent told G7 counterparts the success of Milei’s program carries regional and strategic importance.