Overview

• U.S. Treasury Secretary Scott Bessent said Washington is negotiating a $20 billion swap line with Argentina’s central bank to limit currency volatility.
• The Treasury signaled readiness to buy Argentine dollar bonds in primary or secondary markets and to extend substantial standby credit via the Exchange Stabilization Fund, while also pushing to end a tax break for commodity exporters who convert foreign currency.
• The World Bank will accelerate up to $4 billion from an existing $12 billion package and the Inter‑American Development Bank plans about $3.9 billion over the next 15 months, representing faster release of previously agreed financing.
• The World Bank said the accelerated support targets competitiveness drivers including critical minerals, tourism, energy access, supply chains and small‑business finance.
• Argentine assets rallied after the announcements as bonds and equities rose and the peso strengthened, while President Donald Trump publicly backed Javier Milei and noted further U.S. and private investment interest tied to policy progress and October’s legislative elections.