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International Business Times
International Business Times
World

US Says Working On New $20 Bn 'Facility' For Argentina

Scott Bessent Argentina United States Javier Milei Economy Donald Trump International Monetary Fund
US Treasury Secretary Scott Bessent said he had spent weeks working on a new private sector facility to support Argentina's economy (Credit: AFP)

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy.

"We are working on a 20 billion facility that would be adjacent to our swap line, of private banks and sovereign wealth funds that I think would be more aimed at the debt market," he told reporters in Washington.

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