U.S. Treasury Secretary Scott Bessent announced today that the United States is negotiating a comprehensive $20 billion support package for Argentina amid ongoing economic volatility. The package includes a currency swap line with Argentina"s central bank, commitments to purchase Argentine dollar-denominated bonds, and standby credit through the Exchange Stabilization Fund (ESF).
This announcement comes as Argentina faces significant economic challenges, prompting the U.S. to step in with financial assistance. The proposed measures aim to stabilize the Argentine economy and support its financial system during this turbulent period.
For further context on related developments, see our coverage on recent developments in politics.
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