Overview

• After a meeting in New York, President Donald Trump and Treasury Secretary Scott Bessent publicly vowed to help Argentina stabilize markets and avert a default.
• Treasury outlined options under review, including deploying the Exchange Stabilization Fund to buy pesos or Argentine debt and exploring a Federal Reserve currency swap line with the central bank.
• Officials said no specific measures have been finalized, casting the statements as a signal of support to calm investors.
• Markets rallied on the assurances, with the peso strengthening, Argentine hard‑currency bonds and New York‑listed shares jumping, and country‑risk gauges retreating.
• Argentina also temporarily removed export taxes on agricultural shipments through October 31 for the first $7 billion of sales, while the World Bank said it would accelerate $4 billion in loans as reserves remain near historic lows.