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<\/a><\/p>\nPublished On 23 Sep 202523 Sep 2025<\/p>\n
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United States President Donald Trump\u2019s administration has offered to step in to support Argentina\u2019s economy amid severe volatility in the country\u2019s financial markets.<\/p>\n
Washington stands ready to do \u201cwhat is needed\u201d to help stabilise the Latin American country\u2019s economy following a large-scale selloff of its assets, US Treasury Secretary Scott Bessent said on Monday.<\/p>\n
Options for assisting Buenos Aires under consideration include central bank currency swaps, direct currency purchases, and purchases of US dollar-denominated government debt, Bessent said.<\/p>\n
Further details would be announced after talks involving Trump, Bessent and Argentinian President Javier Milei in New York on Tuesday, the treasury secretary said.<\/p>\n
\u201cOpportunities for private investment remain expansive, and Argentina will be Great Again,\u201d Bessent said on X, describing Buenos Aires as a \u201csystemically important US ally\u201d.<\/p>\n
The Argentinian peso, stocks and bonds surged following Bessent\u2019s comments.<\/p>\n
Milei, who scored an upset election win in 2023 by promising to tame runaway inflation and decades of economic decline, thanked the Trump administration for its \u201cunconditional support\u201d.<\/p>\n
\u201cThose of us who defend the ideas of freedom must work together for the well-being of our peoples,\u201d Milei said on X.<\/p>\n
The Argentinian leader has emerged as a key Trump ally in the Americas and is a favourite of US conservatives, frequently appearing on their platforms.<\/p>\n
The Trump administration\u2019s intervention comes after investors rushed to unload the peso and government bonds following a disastrous performance by Milei\u2019s La Libertad Avanza coalition in local elections earlier this month.<\/p>\n
The defeat in Buenos Aires province has cast a pall over Milei\u2019s prospects in nationwide midterm elections next month, which the libertarian leader hopes will grant him an expanded mandate to pursue his programme of right-wing economic reforms.<\/p>\n
In April, Argentina secured $42bn in bailout funds from the International Monetary Fund, World Bank and the Inter-American Development Bank to help prop up its economy.<\/p>\n
The Latin American country, which has lurched between economic crises for decades, is by far the IMF\u2019s largest debtor, owing the Washington-based institution more than $40bn.<\/p>\n","protected":false},"excerpt":{"rendered":"Treasury secretary says US considering measures to stabilise Latin American country amid asset selloff. Published On 23 Sep…\n","protected":false},"author":2,"featured_media":445105,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[10105,12633,32,1700,3663,3274,49,978,286,659],"class_list":{"0":"post-445104","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-argentina","9":"tag-business-and-economy","10":"tag-donald-trump","11":"tag-economy","12":"tag-financial-markets","13":"tag-latin-america","14":"tag-united-states","15":"tag-us","16":"tag-us-canada","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115252160966950943","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/445104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=445104"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/445104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/445105"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=445104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=445104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=445104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}