U.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.