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Washington Backs Argentina - What's Going On?
The U.S. Treasury affirms its strong support for Argentina, recognizing it as a key ally in Latin America. It stands ready to assist within its mandate, potentially through tools like swap lines, currency purchases, or use of the Exchange Stabilization Fund. The Treasury expresses confidence in President Milei’s commitment to fiscal discipline and pro-growth reforms, viewing them as essential to reversing Argentina’s economic decline.
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Argentina is a systemically important U.S. ally in Latin America, and the @USTreasury stands ready to do what is needed within its mandate to support Argentina.
— Treasury Secretary Scott Bessent (@SecScottBessent) September 22, 2025
All options for stabilization are on the table. 1/4
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