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ES
US Treasury Secretary Scott Bessent says all options on table to help Milei’s Argentina
['Patrick Gillespie', 'Nicolle Yapur', 'Https', 'Fotos.Perfil.Com Autores Default']
Buenos Aires Times
US Treasury Secretary Scott Bessent pledged to provide “all options for stabilisation” to President Javier Milei as he works to keep Argentina from falling back into crisis, prompting a rally in the country’s assets.
Options include, but aren’t limited to, currency swap lines, direct currency repurchases and US dollar-denominated debt from the Treasury’s exchange stabilisation fund.
Bessent called Argentina “a systemically important US ally” and emphasised private investment opportunities in the country.
Bessent, during a rare visit by a US Treasury Secretary to Argentina five months ago, called the IMF deal a “fulcrum day” for the crisis-prone nation.
The Treasury Secretary said later Monday at a briefing the US is prepared for a “large and forceful” intervention in Argentina, according to a CNBC report.
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