U.S. deepens financial lifeline to Argentina with peso support and new credit line
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.
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2 days ago
U.S. deepens financial lifeline to Argentina with peso support and new credit line
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.
positive
U.S. deepens financial lifeline to Argentina with peso support and new credit line
3 days ago
1 min read
79 words
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.
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.