AMERICA First?????

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Buenos Aires HeraldBuenos Aires Herald
September 24, 2025

The U.S. Treasury announced on Wednesday it will grant a full-on bailout for Argentina, which includes the purchase of the country’s USD bonds, a stand-by credit line, and a US$20 billion swap with the Central Bank.

“The Trump Administration is resolute in our support for allies of the United States, and President Trump has given President Milei a rare endorsement of a foreign official, showing his confidence in his government’s economic plans and the geopolitical strategic importance of the relationship between the United States and Argentina,” Treasury Secretary Scott Bessent posted on X.

Bessent’s announcement comes a day after U.S. President Donald Trump met President Javier Milei during the United Nations General Assembly and declared his full-throated support for him in a videoed message. Trump declared that Milei had his “complete and total endorsement for re-election as president.” Asked by a voice off-screen whether the U.S. would “help bail out Argentina,” Trump said: “We’re going to help them, I don’t think they need a bailout. He’s done a fantastic job.”

In his post, Bessent explained that the U.S. Treasury is ready to purchase Argentina’s USD bonds “and will do so as conditions warrant.” He also wrote that the “significant” stand-by credit line will be granted through their Exchange Stabilization Fund, an emergency reserve fund used to help foreign governments and central banks stabilize their currencies.

Regarding the US$20 billion swap line, Bessent said the Treasury is working “in close coordination” with the Argentine government “to prevent excessive volatility.”

Bessent also announced that the U.S. would purchase secondary or primary government debt and is working with the Argentine government to “end the tax holiday for commodity producers converting foreign exchange.”