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International Business Times
International Business Times
Business

US Finalizes $20 Bn Economic Lifeline For Argentina, Buys Pesos

Scott Bessent Argentina United States Donald Trump Javier Milei US Treasury Washington D.C. Luis Caputo CNBC South America
US Treasury Secretary Scott Bessent said Argentina was facing a moment of 'acute illiquidity' (Credit: AFP)

US Treasury Secretary Scott Bessent said Thursday that Washington had bought Argentine pesos and finalized a $20 billion economic support program to help prop up the South American nation's faltering finances.

Argentina's right-wing President Javier Milei, a close ally of Donald Trump, swiftly thanked the American leader for his "vision and powerful leadership" following the announcement.

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