President Javier Milei used the social network X to publicly thank the support of the U.S. administration. "Thank you, President @POTUS and Secretary Scott Bessent, for your strong support and confidence in the Argentine people. We deeply value our friendship with the United States and your commitment to strengthening our partnership based on shared values. Together, we'll build a path of stability, prosperity, and freedom. MAGA!" he wrote.
Economy Minister Luis Caputo joined the message and stated: "Argentines, a new era begins. Let's all work together to make our country great again!" Both emphasized the importance of financial assistance to sustain economic stability in a challenging context.
Washington's announcements
U.S. Treasury Secretary Scott Bessent detailed that a swap line for USD 20,000 million is being negotiated with Argentina through the Central Bank, in addition to the purchase of dollar-denominated bonds. He also indicated that the Treasury is prepared to grant a stand-by loan through the Exchange Stabilization Fund and that close coordination is underway with the Argentine government to avoid "excessive volatility" in the markets.
Bessent added that the aim is to end the tax exemption for raw material producers who convert foreign currency, in line with the goal of organizing financial flows and improving competitiveness.
