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3 days agoU.S. Treasury vows no taxpayer losses as swap line supports Argentina
The U.S. Treasury Secretary stressed that support provided via a $20 billion currency-swap framework with Argentina does not constitute a bailout and will incur no taxpayer losses. The move comes as Argentina enters critical mid-term elections with the government seeking to shore up its economic links and avoid a debt crisis. Officials said the support is drawn from the Exchange Stabilization Fund under Treasury control. The announcement is seen as signalling Washington’s intent to stabilise a key regional ally amid geopolitical and economic risks.
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cautious
3 days agoU.S. Treasury vows no taxpayer losses as swap line supports Argentina
The U.S. Treasury Secretary stressed that support provided via a $20 billion currency-swap framework with Argentina does not constitute a bailout and will incur no taxpayer losses. The move comes as Argentina enters critical mid-term elections with the government seeking to shore up its economic links and avoid a debt crisis. Officials said the support is drawn from the Exchange Stabilization Fund under Treasury control. The announcement is seen as signalling Washington’s intent to stabilise a key regional ally amid geopolitical and economic risks.
Explore:Mutual Fund Themes
cautious
U.S. Treasury vows no taxpayer losses as swap line supports Argentina
4 days ago
1 min read
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U.S. Treasury says Argentina support through swap line isn’t a bailout and will not cost taxpayers, as elections loom in the country.
The U.S. Treasury Secretary stressed that support provided via a $20 billion currency-swap framework with Argentina does not constitute a bailout and will incur no taxpayer losses. The move comes as Argentina enters critical mid-term elections with the government seeking to shore up its economic links and avoid a debt crisis. Officials said the support is drawn from the Exchange Stabilization Fund under Treasury control. The announcement is seen as signalling Washington’s intent to stabilise a key regional ally amid geopolitical and economic risks.
The U.S. Treasury Secretary stressed that support provided via a $20 billion currency-swap framework with Argentina does not constitute a bailout and will incur no taxpayer losses. The move comes as Argentina enters critical mid-term elections with the government seeking to shore up its economic links and avoid a debt crisis. Officials said the support is drawn from the Exchange Stabilization Fund under Treasury control. The announcement is seen as signalling Washington’s intent to stabilise a key regional ally amid geopolitical and economic risks.
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global
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global
economy
U.S.
Argentina
finance
Oct 26, 2025 • 21:55 IST