"The Trump administration is looking to provide an additional $20 billion in financing for Argentina through a mix of financing from sovereign funds and the private sector.That would come on top of the $20 billion credit swap line that the U.S. Treasury pledged to Argentine President Javier Milei and his government this month to bolster the South American nation's collapsing currency."
"At a White House meeting Tuesday with Milei, Republican President Donald Trump said his administration wanted to help "our neighbors" with the aid package, but he also suggested that the money could be pulled if Milei's party did not prevail in the Oct. 26 midterm elections."If he loses, we are not going to be generous with Argentina," Trump said.The Argentine peso weakened slightly Wednesday after Trump's comments."
"In Argentina, the opposition's criticism was swift.Former President Cristina Fernández, who is under house arrest after a corruption conviction, wrote on social media: "Trump to Milei in the United States: 'Our agreements depend on who wins election.' Argentines ... you already know what to do!"Martín Lousteau, president of the centrist Radical Civic Union, said "Trump doesn't want to help a country - he only wants to save Milei," and that "not"
The U.S. is developing a $20 billion facility combining sovereign funds and private-sector financing to support Argentina's debt market. That facility would complement a $20 billion credit swap line pledged by the U.S. Treasury to Argentine President Javier Milei to bolster the collapsing peso. Treasury Secretary Scott Bessent described the plan as a private-sector solution with interest from many banks and sovereign funds. President Donald Trump warned that aid could be withdrawn if Milei's party loses the Oct. 26 midterm elections. The peso fell about 0.7% to 1,395 per dollar and opposition figures criticized the conditionality.
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