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1h ago

U.S. Treasury Signals Support for Argentina as Milei Meets Trump in New York

Investors await terms on swaps or ESF actions that could hinge on policy shifts in Argentina.

Javier Milei junto a Donald Trump
Interés estratégico de Estados Unidos
El secretario del Tesoro estadounidense Scott Bessent y un nuevo respaldo por Argentina.
El secretario del Tesoro, Scott Bessent.

Overview

  • Secretary Scott Bessent said Washington stands ready to help within its mandate, citing possible swap lines, direct currency purchases, or ESF buys of Argentina’s dollar debt.
  • Javier Milei is holding a brief bilateral in New York with President Donald Trump and Bessent, with details of the assistance expected to be released after the meeting.
  • Trump publicly praised Milei’s leadership ahead of the sit-down, reinforcing White House backing as markets rallied on Monday with a stronger peso and lower dollar-bond yields.
  • Analysts caution that U.S. financing will only stabilize conditions if Argentina adopts consistent currency and monetary policies, including allowing the peso to float and rebuilding reserves.
  • Debate over the form and size of aid continues, with Morgan Stanley calling about $10 billion realistic to cover 2026 needs, while some Argentine reports cite figures as high as $30 billion that remain unconfirmed.