Economic Policies

US Doubles Argentina Aid to $40 Billion With Peso Purchases, Private Debt Facility

Treasury Secretary Scott Bessent said U.S. aid would be policy-specific, and determined by the results of Argentina’s upcoming midterm election results.
US Doubles Argentina Aid to $40 Billion With Peso Purchases, Private Debt Facility
U.S. President Donald Trump greets Argentinian President Javier Milei to the White House on Oct. 14, 2025. Madalina Kilroy/The Epoch Times
Kimberly Hayek
|Updated:
0:00

The United States purchased additional Argentine pesos from open markets Wednesday, Treasury Secretary Scott Bessent said, while pressing forward on a $20 billion private investment pool aimed at Argentine government bonds.

The moves build on a fresh $20 billion currency swap agreement with Buenos Aires, delivering $40 billion in overall backing for the region’s third-largest economy. Bessent offered no specifics on the peso purchases, which follow an earlier purchase on Oct. 9.

Kimberly Hayek
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.