U.S. Plans Additional $20 Billion Private-Sector Facility to Support Argentina

U.S. Treasury Secretary Scott Bessent announced that Washington is working with private banks and sovereign wealth funds to establish a new US$20 billion facility aimed at supporting Argentina’s economy, doubling the total U.S. assistance commitment to US$40 billion.
Bessent said the initiative would complement the existing U.S.-Argentina swap line, targeting Argentina’s debt market and helping stabilize its financial system. The move signals continued U.S. support for President Javier Milei’s economic reforms, which focus on fiscal austerity, deregulation, and restoring market confidence.
Following the announcement, Argentine stocks rebounded, reflecting renewed investor optimism. Bessent reaffirmed that U.S. backing would continue as long as Argentina maintained its pro-market policies, emphasizing that support is “policy-specific, not election-specific.”
Meanwhile, both nations are reportedly finalizing a bilateral trade agreement expected to reduce or eliminate tariffs on over 100 products, strengthening economic and trade ties between the U.S. and Argentina amid Milei’s ongoing reform agenda.