Overview
- Treasury Secretary Scott Bessent said all stabilization options are on the table, including swap lines, direct purchases of pesos and U.S. Treasury Exchange Stabilization Fund debt buys.
- IMF Managing Director Kristalina Georgieva welcomed the U.S. pledge, calling partner support crucial for policies that stabilize the economy and promote growth.
- President Javier Milei and Economy Minister Luis Caputo publicly thanked the United States after Bessent signaled readiness to do whatever is necessary to support Argentina.
- Milei rescheduled his arrival to attend the UN General Assembly with planned meetings with President Donald Trump, Georgieva and Bessent in New York.
- Argentina confronts a sliding peso and reserve sales under an IMF program that disbursed $2 billion in August, while the foreign minister rejected reports of negotiations over a $30 billion U.S. loan.