The United States came forward with a financial rescue for Argentina, in order to support the country’s economy. The support comes about two weeks before the date set for mid-term elections in Argentina, scheduled for October 26th.
The administration led by Donald Trump went ahead with the decision to invest 20 billion dollars (17.28 billion euros, at current exchange rates) to support Javier Milei’s Argentinaally of the North American president.
Through a publication on “X”Secretary of State for the Treasury, Scott Bessent, announced the measure. He himself wrote that the US is prepared to “take any exceptional measures that are necessary to stabilize markets”.
Conversations generated consensus between leaders of both parties
Bessent met for four days with Luis Caputo, Argentine Economy Minister, in Washington DC. During the negotiations, he made it clear that the US administration “is committed to strengthening our allies who accept fair trade and American investment.”
Furthermore, the proximity between the North American and Argentine economies tends to increase, “thanks to Milei’s leadership”, he highlights. In that regard, there was talk of investment incentives in Argentina and US policies to “powerfully support” investments made “in our strategic partners”as is the case in Argentina.
It is recalled that Bessent had announced, in September, the US’s willingness to support Argentina. Otherwise, the strategy of major cuts in Argentine public spending, applied by Milei, has already been widely praised by Donald Trump.