U.S. Signs $20 Billion Stabilization Agreement With Argentina
Treasury casts the move as a bridge for Milei’s reforms, not a bailout.
Overview
- Treasury Secretary Scott Bessent said the United States has signed an economic stabilization agreement with Argentina’s central bank worth $20 billion.
- Officials are seeking roughly another $20 billion in financing from sovereign wealth funds and major private banks to complement the deal.
- President Trump recently said financing would be contingent on President Javier Milei’s success in upcoming elections.
- Bessent framed the initiative as backing for Milei’s fiscal program and as advancing U.S. strategic interests by supporting regional stability.
- Reporting says the IMF reaffirmed support for Argentina’s fiscal plan, while bipartisan critics in Congress describe the effort as a bailout.