Bessent's big gamble on Argentina has a narrow road to pay off | Fortune
The US-backed $20 billion support aims to stabilize Argentina's peso and political standing to enable President Milei's reforms, but significant political and economic risks remain.
US announces it will do whatever is necessary to support Argentina'
U.S. Treasury negotiating emergency financial support—including swaps, dollar purchases, or buying Argentine debt—to stabilize Argentina's currency and support President Javier Milei.