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fromFortune
1 day ago

Argentina has repaid its $20 billion credit line from Trump administration, Scott Bessent says | Fortune

Argentina has repaid the funds it drew from a $20 billion credit line with the Trump administration, U.S. Treasury Secretary Scott Bessent announced Friday, in a crucial step for Argentine President Javier Milei to restore confidence in his chronically distressed economy. In addition to making payments to bondholders, Milei's radical libertarian administration had "quickly and fully repaid its limited draw," Bessent said, without specifying the amount.
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fromThe Nation
2 months ago
US politics

Trump's Argentina Bailout Is Bad for America but Great for His Hedge Fund Cronies

Trump provides financial support and trade benefits to Argentina's far-right government, using emergency credit lines and securing private loans while promoting domestic austerity.
fromFortune
2 months ago
World news

Argentina passes the begging bowl, again | Fortune

The U.S. Treasury will use the Exchange Stabilization Fund for a $20 billion swap line to Argentina amid chronic economic instability and high inflation.
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