Overview

• Economy Minister Luis Caputo arrived in Washington with senior finance officials for meetings at the U.S. Treasury to shape a support package.
• Treasury Secretary Scott Bessent said a $20 billion currency swap between the Fed and Argentina’s central bank is under negotiation, with potential dollar-bond purchases and an ESF standby also on the table.
• Bessent emphasized that the effort is a swap line rather than an immediate cash injection, leaving terms, timing, and amounts still to be determined.
• New U.S. ambassador Peter Lamelas publicly pledged that Western firms are set to invest capital in Argentina after a US–Argentina Business Council meeting, although no specific commitments were announced.
• Coverage points to possible use of U.S. ESF resources and IMF SDR channels and notes market caution and political sensitivities as Argentina approaches the October 26 legislative elections.