The U.S. Treasury Secretary, Scott Bessent, reiterated his defense of the financial support granted to Argentina during 2025 and highlighted that the operation ended with the return of the funds used and profits of tens of millions of dollars for Washington.
During his presentation this Tuesday before the House Financial Services Committee, the official from Donald Trump explained that Argentina had access to a swap line of up to USD 20 billion, although it ultimately used only a small portion of the available amount.
“In Argentina, we had a fully guaranteed swap line from which they took a small amount,” Bessent explained to lawmakers. He emphasized that the Treasury's goal was to protect U.S. public resources and the operation ended up generating profits.
“The goal was to protect the capital of the American people. In fact, we made tens of millions of dollars,” he stated. Bessent added that the tool also allowed for “building a bridge to a U.S. ally.”
