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U.S. Treasury’s Bessent Backs Milei, Tells Markets to Finance Argentina’s 2026 Needs

The public endorsement seeks to steer private capital toward Argentina’s next-year funding and stabilize investor expectations.

Overview

  • Posting from South Korea, Treasury Secretary Scott Bessent congratulated President Javier Milei on La Libertad Avanza’s legislative win and said markets should easily fund Argentina in 2026.
  • Bessent praised Milei’s economic agenda, asserted strong support among young and poorer voters, and called this a last chance to break with decades of mismanagement.
  • He attacked Democratic senators Elizabeth Warren and Amy Klobuchar as “failures,” criticized the U.S. government shutdown’s impact on farm aid, and said the economic bridge with Argentina benefits Americans.
  • Milei thanked Bessent for his unwavering support and said Bessent will visit Argentina soon, as local outlets report a financial program that includes an initial $20 billion swap and prior U.S. support in the FX market.
  • Bessent framed the partnership within President Trump’s regional economic strategy and cast Milei as a hemispheric standard-bearer, with markets watching post‑election moves closely.