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Buenos Aires Herald
September 24, 2025
Secretary Bessent stated the US is ‘ready to do what is needed to support Argentina and the Argentine people’.
Trump said: “We’re going to help them, I don’t think they need a bailout. He’s done a fantastic job.”,
The U.S. Treasury announced on Wednesday it will grant a full-on bailout for Argentina, which includes the purchase of the country’s USD bonds, a stand-by credit line, and a US$20 billion swap with the Central Bank.
Bessent’s announcement comes a day after U.S. President Donald Trump met President Javier Milei during the United Nations General Assembly and declared his full-throated support for him in a videoed message. Trump declared that Milei had his “complete and total endorsement for re-election as president.”
In his post, Bessent explained that the U.S. Treasury is ready to purchase Argentina’s USD bonds “and will do so as conditions warrant.” He also wrote that the “significant” stand-by credit line will be granted through their Exchange Stabilization Fund, an emergency reserve fund used to help foreign governments and central banks stabilize their currencies.
Regarding the US$20 billion swap line, Bessent said the Treasury is working “in close coordination” with the Argentine government “to prevent excessive volatility.”
On Monday, Argentina announced that it was cutting agricultural export duties to zero until the end of October. The tax break seeks to incentivize exports, which are a crucial source of dollars for the country.
President Milei immediately thanked Bessent and Trump on X for their “firm support and trust in the Argentine people”.
Continue:
September 24, 2025
Secretary Bessent stated the US is ‘ready to do what is needed to support Argentina and the Argentine people’.
Trump said: “We’re going to help them, I don’t think they need a bailout. He’s done a fantastic job.”,
The U.S. Treasury announced on Wednesday it will grant a full-on bailout for Argentina, which includes the purchase of the country’s USD bonds, a stand-by credit line, and a US$20 billion swap with the Central Bank.
Bessent’s announcement comes a day after U.S. President Donald Trump met President Javier Milei during the United Nations General Assembly and declared his full-throated support for him in a videoed message. Trump declared that Milei had his “complete and total endorsement for re-election as president.”
In his post, Bessent explained that the U.S. Treasury is ready to purchase Argentina’s USD bonds “and will do so as conditions warrant.” He also wrote that the “significant” stand-by credit line will be granted through their Exchange Stabilization Fund, an emergency reserve fund used to help foreign governments and central banks stabilize their currencies.
Regarding the US$20 billion swap line, Bessent said the Treasury is working “in close coordination” with the Argentine government “to prevent excessive volatility.”
On Monday, Argentina announced that it was cutting agricultural export duties to zero until the end of October. The tax break seeks to incentivize exports, which are a crucial source of dollars for the country.
President Milei immediately thanked Bessent and Trump on X for their “firm support and trust in the Argentine people”.
Continue:
US Treasury announces full-scale bailout for Argentina: bond purchase, swap, and credit line - Buenos Aires Herald
Secretary Bessent stated the US is ‘ready to do what is needed to support Argentina and the Argentine people’
buenosairesherald.com
