The United States has renewed its financial backing for Argentina, with Treasury Secretary Scott Bessent confirming on Wednesday that Washington had again purchased Argentine pesos in the open market. Speaking at a press conference, Bessent also said the Treasury is working with banks and investment funds to establish a $20 billion facility to invest in Argentina’s sovereign debt. The new initiative will complement an existing $20 billion US currency swap line for Argentina, bringing the total US support to $40 billion — double the previously pledged amount....
Friday 17 October 2025
wn.com - 2 days ago
US expands financial support for Argentina with $40B aid package
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