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U.S. deepens financial lifeline to Argentina with peso support and new credit line
Washington boosts Argentina’s liquidity with peso purchases and a new $20B credit backstop.
The U.S. government is intervening in Argentina’s fiscal crisis by purchasing Argentine pesos and structuring a $20 billion debt facility in collaboration with banks and investors. Treasury Secretary Scott Bessent said this builds on an existing $20B swap line, effectively backing a $40B support package. The assistance aims to enhance Argentina’s dollar liquidity and reinforce pro-market reforms. Bessent emphasized that support is conditional on Argentina maintaining policy discipline, not political outcomes, framing the effort as strategic in Latin America.