News of scott bessent

Argentina used multilateral funds to repay US$2.5 billion US swap

12-01-2026 23:39 Milei government secured financing from an unnamed multilateral institution to repay US$2.5 billion to the US Treasury from a currency swap agreement.

DEBT & BONDS

Argentina pays US swap line, bondholders in boost for Milei

09-01-2026 13:13 Argentina fully repays US$2.5 billion drawn down from US$20-billion swap line with the Trump administration, makes key payments to bondholders.

US-ARGENTINA BAILOUT

US says Argentina has 'fully repaid' pre-election currency lifeline

09-01-2026 13:08 Argentina has ' both quickly and fully repaid' currency swap, says Treasury secretary; US Treasury no longer holds any Argentine pesos, says Scott Bessent.

POLITICS & CORRUPTION

The absent leader strategy and Mr ‘Knee Head’

22-11-2025 06:30 There’s an unwritten rule in Argentina’s politics that sometimes the leader has to remain absent. Javier Milei and some of his top-level officials appear to have taken a page from that playbook.

by Agustino Fontevecchia

ARGENTINA'S FINANCES

Argentina’s US$870-million boost of IMF holdings points to US aid

13-11-2025 00:00 Data from the International Monetary Fund hints a potential new form of US financial aid for President Javier Milei’s government.

ANALYSING ARGENTINA

Mamdani, Milei, Trump and Perón

08-11-2025 06:44 The voracity for US dollars will sooner rather than later force Milei to seek another bailout, so he should wish that the Mamdani threat stays only at that and that Trump remains mighty for the foreseeable future.

by Marcelo J. García

US-ARGENTINA SUPPORT

Bessent tells investors it’s their turn to rescue Argentina now

30-10-2025 15:21 With Bessent’s mission accomplished and Milei notching a decisive, comeback win in midterm elections that had put markets on edge for weeks, the US rescue plan for Argentina appears to be on the back burner for now.

CURRENCY GAMBLE

As peso rallies, US eyes a small gain on its rescue

27-10-2025 18:17 Washington hasn’t disclosed the precise details of its unusual currency market interventions this month, but it says it made money.

MIDTERM RESULTS: REACTION

Trump hails Milei’s Argentina win, says US made ‘lot of money’

27-10-2025 09:25 Donald Trump offfers congratulations to Argentina's Javier Milei, tell reporters that libertarian's "big win" is sign Washington backed the right candidate.

ELECTIONS 2025

Argentines cast ballots in make-or-break midterm for Milei

26-10-2025 15:14 Argentina is voting Sunday in a midterm election that will serve as a crucial referendum on President Javier Milei’s ambitious austerity policies.

ELECTIONS 2025

Make or break for Milei as nation votes in key midterm election

26-10-2025 00:01 Argentines will vote to renew half the 257-member Chamber of Deputies and a third of 72 senators; Peronism has around half of its seats up for renewal, while the ruling party’s alliance with PRO risks around 30%.

US BAILOUT OF ARGENTINA

Bessent’s intervention in Argentine peso soars past US$1 billion

25-10-2025 16:10 The US spent an amount well in excess of US$1 billion this month acquiring Argentine pesos, according to market estimates.

COST OF POWER

Milei spent around US$7.4bn protecting dollar pre-election

25-10-2025 16:03 Sunday’s legislative elections come at a historic cost: President Milei’s government has used around US$7.4 billion – a figure that could rise to US$8.4 billion, including funds from US Treasury are included – to keep the peso-dollar exchange rate stable over the two months leading up to the vote. According to Banco Provincia, it is the fourth-largest foreign exchange intervention since 2003.

by Carlos Burgueño

ELECTIONS 2025: ANALYSIS

Milei, the two Caputos and the two anchors

25-10-2025 06:08 Milei and the two Caputos have the path laid out for them. The “two anchors” that will give them a future are tied to applying the necessary adaptations to the economic policy plan and creating the conditions for circumstantial legislative majorities. This situation appears possible under any electoral scenario, even a potent Peronist victory.

by Agustino Fontevecchia

US POLITICS

Bessent brands Warren a ‘Peronist’ after Argentina criticism

22-10-2025 23:51 Tussle between Donald Trump administration and Democratic opposition unfolds during partial shutdown of US government.

POLITICS: MIDTERMS 2025

Caputo: Midterms are 'more important than 2027 presidential vote'

22-10-2025 23:44 Economy Minister Luis Caputo says current exchange rate regime “will remain exactly the same” in an attempt to dispel fears of an imminent post-election peso devaluation.

Funds and bonds

Bessent steps in to protect profits of friendly investors in Argentina

22-10-2025 17:03 US Treasury Secretary Scott Bessent comes to the rescue of hedge funds including BlackRock, Fidelity, Pimco and Discovery Capital Management, all of which bought Argentine bonds. Several fund managers share a professional past with the US official.

CURRENCY TURBULENCE

Peso breaks losing streak amid FX intervention

22-10-2025 13:11 Argentina's peso strengthened, snapping a five-day losing streak amid continued market intervention by both the local and US governments.

CURRENCY WOES

Central Bank again intervenes to halt run on peso

21-10-2025 21:38 Central Bank said Tuesday it had sold US$45.5 million on the foreign exchange market to try and halt a run on the peso ahead of Sunday's midterms.

US-ARGENTINA BAILOUT

Bessent’s plan runs short on time to line up Argentina financing

21-10-2025 21:33 US Treasury has been floating a US$20-billion financing deal involving banks, but key details such as the debt’s terms, structure and collateral remain unaddressed.

CURRENCY WOES

US Treasury sells dollars to keep peso within Argentina FX band

21-10-2025 16:41 US Treasury’s efforts to shore up Argentina’s currency are part of a broader effort to stabilise the economy before President Javier Milei’s party faces midterm elections.

ECONOMY – ANALYSIS

US backing won’t save Argentina without policy shift, economists warn

20-10-2025 22:58 Financial support from the United States government won’t be sufficient alone for Argentina, warn experts; Milei administration must change monetary policy if it is to stabilise finances long-term, they believe.

by Santiago del Carril

BUSINESS & FINANCE

JPMorgan CEO heads to Argentina before key test for Milei

20-10-2025 17:37 JPMorgan Chase & Co chief executive officer travels to Buenos Aires ahead of key electoral test for President Javier Milei.

ANALYSIS

On raucous outsiders and statesmen

18-10-2025 06:47 The Milei administration has shown time and time again they lack the capacity to build sustainable political alliances and that stubbornness on the economic front has led to the repetition of mistakes from the recent past. The President has shown that when political momentum is on his side, he abuses good fortune to castigate political opponents and preach cultural war.

by Agustino Fontevecchia

ANALYSING ARGENTINA

Yankees come home

18-10-2025 06:26 Exactly 20 years ago next month, Washington silently retreated from the region. Now it’s coming back, in full swing.

by Marcelo J. García

CURRENCY WOES

Peso drops against dollar amid fresh US backing

17-10-2025 18:42 Argentina's peso has been fluctuating wildly ahead of next week's midterm elections next week, disrupting the savings and spending plans of locals who fear an imminent devaluation.

BILATERAL TRADE TALKS

‘Very soon’ – Argentina’s ambassador to Washington on US trade deal

16-10-2025 15:12 Alec Oxenford confirms trade agreement between Argentina and the United States; Milei’s envoy says “significant” accord is “culmination of months of intense diplomatic effort” and could be announced “very soon.”

POLITICS & ECONOMY

US$20bn currency swap could be agreed before midterms, says Bausili

16-10-2025 01:31 Economy Minister Luis Caputo and Central Bank chief Santiago Bausili say landmark currency swap deal with Trump administration could be sealed before the October 26 midterms

by Santiago del Carril

MARKETS

Argentine assets swing on reports Bessent lining up more aid

15-10-2025 22:19 Markets react to news that US Treasury Secretary Scott Bessent is working on an additional US$20-billion facility from the private sector that would complement a currency swap line of similar size.

US BAILOUT OF ARGENTINA

Summers ‘nervous’ about Bessent’s novel rescue for Argentina

15-10-2025 22:08 Former US Treasury secretary Lawrence Summers is "withholding judgment" on Donald Trump administration’s rescue plan for Argentina.

FINANCIAL ASSISTANCE

Bessent: US working on new US$20-billion private-sector 'facility' for Argentina

15-10-2025 14:48 US Treasury Secretary Scott Bessent says he is working with private sector on another US$20-billion "facility" to support Argentina, bringing Washington's total promised assistance to US$40 billion.

POLITICS & ECONOMY

Trump says ‘we’re gone’ if Milei loses vote, rattling market

14-10-2025 22:17 Donald Trump suggests US$20-billion lifeline for Argentina could be contingent on Javier Milei’s success in midterm elections, sending fresh jitters through currency market.

US-ARGENTINA RELATIONS

Milei at White House: Trump says US help is dependent on win in midterms

14-10-2025 15:21 Argentina's president makes long-desired visit to White House, but US President Trump says Washington's help is dependent on who wins elections.

POLITICS & ECONOMY

Great expectations as Milei jets to Washington for Trump meeting

13-10-2025 22:39 President Javier Milei travels to Washington to meet Donald Trump with markets anticipating announcements and progress towards a trade deal.

US-ARGENTINA RELATIONS

Milei heads to White House for political, economic lifeline

13-10-2025 17:17 Argentina's president is banking on a high-profile show of political and economic support from his US ally President Donald Trump ahead of key midterm elections.

US-ARGENTINA SUPPORT

Caputo says US willing to keep buying pesos

13-10-2025 15:07 United States “is willing to continue buying pesos and bonds, and all options are on the table,” says Economy Minister Luis Caputo.

POLITICS & ECONOMY

US lifeline buys Argentina time as investors urge overhaul

13-10-2025 14:58 US$20-billion lifeline will keep Javier Milei from being engulfed by a currency crisis in the run-up to key mid-term elections. The outlook after the vote is less clear.

US-ARGENTINA BAILOUT

Santander plays key role as US buys Argentine peso to back Milei

10-10-2025 13:48 When US Treasury Secretary Scott Bessent decided to buy Argentine pesos, it didn’t turn to a US bank.

US REACTION

Warren asks hedge fund group if it played Argentina bailout role

10-10-2025 13:44 Democratic US Senator Elizabeth Warren seeks information from hedge funds and asset managers over Washington's bailout of Argentina.

ANALYSIS

Bessent’s big gamble on Argentina has a narrow road to pay off

10-10-2025 10:01 For Scott Bessent’s US$20-billion bet on Argentina to pay off, a lot of things have to go right.

POLLING & SURVEYS

Trump lifeline does little to boost Milei with voters in Argentina

10-10-2025 09:47 Trump’s financial assistance for Argentina may be enough to shore up local markets, but it’s doing little to boost President Milei’s standing with voters.

WASHINGTON'S RESCUE PACKAGE

United States buys pesos, confirms US$20-billion lifeline for Milei

09-10-2025 18:26 Washington steps in to save Milei with direct purchase of pesos and a US$20-billion currency swap; US Treasury Secretary Scott Bessent ready to take “exceptional” measures to stabilise Argentina’s economy in the face of "acute illiquidity.”

INTERNATIONAL MONETARY FUND

IMF chief: Public support is crucial for Milei’s reform push

08-10-2025 18:07 With a US$20-billion swap with the United States reportedly under discussion, IMF reinforces that Milei government's reforms will falter without popular support.

US-ARGENTINA RELATIONS

Bessent hosts Caputo as Argentina-US rescue talks begin

06-10-2025 22:41 US Treasury official highlights “productive” talks as negotiations over fresh funds for Milei government continue; Argentina’s economy minister also meets IMF chief Kristalina Georgieva.

International Monetary Fund

IMF chief offers Argentina show of support

03-10-2025 23:02 Efforts to stabilise Milei’s government come before crucial October 26 midterm elections where nearly half the seats in Argentina’s Congress are on the ballot.

BONDS & MARKETS

Locals fuel Argentine bond swings as Bessent stokes chaos

03-10-2025 17:38 Volatility soared in the past few weeks as Argentina slipped back toward a currency crisis.

Geopolitics & finance

Bessent’s Argentina rescue pledge put to test by traders attacking peso

03-10-2025 16:58 US Treasury Secretary Scott Bessent’s record as a powerful pacifier of unruly markets is now being put to the test in Argentina.

US SUPPORT FOR MILEI

Bessent says United States ‘not putting money’ in Argentina, touts swap

02-10-2025 16:48 US Treasury Secretary Scott Bessent reiterated support for Argentina on Thursday, but later warned any aid wouldn’t involve outright US investment.

FOREIGN POLICY

US Treasury chief issues second message of support for Milei's Argentina

02-10-2025 12:03 US Treasury Secretary Scott Bessent says Washington is "fully prepared to do what is necessary" in support of Milei as he confirms Argentina is key to “maintaining a US strategic interest in the Western Hemisphere.”