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2h ago

U.S. Signals Readiness to Back Argentina as Milei Seeks Dollar Support in New York

Talks target a modest package to bridge near‑term dollar needs after export‑tax relief steadied markets.

Le président argentin Javier Milei lors d'un discours au Parlement du Paraguay à Asuncion le 17 septembre 2025
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Overview

  • Treasury Secretary Scott Bessent said the United States is ready to do what is necessary, outlining possible swap lines, direct dollar purchases and buys of Argentina’s dollar‑denominated government debt.
  • President Javier Milei is set to meet President Donald Trump and Bessent on the UN General Assembly sidelines in New York to pursue financial assistance for upcoming maturities.
  • Foreign minister Gerardo Werthein rejected speculation of a $30 billion loan, saying discussions focus on a much smaller amount.
  • Buenos Aires suspended export taxes on cereals, as well as beef and poultry, through October 31 to coax exporters to sell and bring in dollars.
  • Argentine assets rebounded after the announcements, with the peso strengthening to about 1,430 per dollar from 1,515 on Friday, as the IMF’s Kristalina Georgieva welcomed the U.S. signal within the existing IMF‑World Bank‑IDB financing framework.