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U.S. Treasury Signals Support for Argentina as IMF Backs Move and Markets Jump

Details will follow Milei’s meeting with President Trump in New York.

Overview

  • Treasury Secretary Scott Bessent said all stabilization options are on the table within the U.S. mandate, citing swap lines, direct foreign‑exchange operations and ESF purchases of Argentina’s dollar‑denominated debt.
  • IMF chief Kristalina Georgieva publicly welcomed the U.S. signal, emphasizing partner support for policies aimed at stabilization and growth.
  • Bessent said he and President Trump will meet Javier Milei in New York on Tuesday and indicated more specifics would be provided after that session.
  • Argentina’s foreign minister denied reports of a US$30 billion Treasury loan negotiation, leaving any package size, instruments and conditions unconfirmed.
  • Argentine assets rallied on the announcement, with the peso strengthening, stocks and bonds gaining, and country risk falling sharply.