"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."
An additional $20 billion financing facility is being arranged to complement a $20 billion U.S. Treasury credit swap line intended to stabilize Argentina's collapsing currency. The facility would involve private banks and sovereign funds and focus more on the debt market, with multiple banks and sovereign funds expressing interest. President Trump signaled conditionality by suggesting aid could be withdrawn if Argentine leader Javier Milei's party loses upcoming elections. The peso weakened and major Argentine stocks moved after the comments. Opposition leaders criticized the apparent political linkage of the aid.
Read at Fortune
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