New York, USA | September 22, 2025
The U.S. Treasury has expressed readiness to support Argentina’s economy as the country faces financial instability.
Treasury Secretary Scott Bessent said that “all options for stabilization are on the table,” including swap lines, direct currency purchases, and acquisitions of U.S. dollar-denominated government debt through the Treasury’s Exchange Stabilization Fund.
The announcement comes as Argentine President Javier Milei, a self-described anarcho-capitalist, confronts a run on the peso following his party’s defeat in a provincial election on September 7.
The vote was seen as a precursor to the national legislative elections scheduled for October 26.
President Milei is scheduled to meet with the U.S. President Donald Trump and Secretary Bessent on the sidelines of the United Nations General Assembly in New York to discuss potential support measures.
The discussions aim to stabilize Argentina’s currency and financial markets as the government seeks to manage debt obligations reaching maturity.
Financial markets in Argentina reacted positively to the news, with the peso strengthening and stock indices showing gains, reflecting investor optimism about potential U.S. assistance.