The Trump administration is preparing to nearly double its financial support to Argentina by adding a $20 billion private-sector facility atop an existing $20 billion swap agreement, bringing the total U.S. backstop to $40 billion. Treasury Secretary Scott Bessent framed the move as a private-sector solution to help Argentina meet its upcoming debt obligations.
Bessent said Washington is coordinating commitments from banks and sovereign wealth funds to finance the new tranche, which would operate "adjacent to our swap line" targeting Argentina's debt markets. He stressed the additional support is not dependent on electoral outcomes, but on Argentina's continuation of "good policy" regardless of October midterms.
