The U.S. government has finalized a $20 billion economic rescue plan for Argentina, Treasury Secretary Scott Bessent announced on Oct. 9.
Bessent stated last month that all options were on the table to support Argentine President Javier Milei’s economic agenda by employing multiple stabilization tools.
Writing in a lengthy X post, the senior administration official confirmed that the United States will follow through on its commitment by purchasing Argentine pesos and finalizing a $20 billion currency swap plan with the Latin American nation’s central bank.
“The U.S. Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets,” Bessent said on social media….