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Arturo Porzecanski, Research Fellow, Center for Latin American & Latino Studies, American University

Why Argentina is looking to the Trump administration for a bailout − and what the US Treasury can do to help

Done deal? U.S. President Donald Trump shakes hands with Argentine counterpart Javier Milei during a bilateral meeting on Sept. 23, 2025. Chip Somodevilla/Getty Images

President Donald Trump vowed to help out his Argentine counterpart Javier Milei on Sept. 23, 2025, a day after the U.S. administration said “all options” were on the table in regard to a bailout for the Latin American country’s rocky economy.

A day after Trump and Milei’s meeting on the sidelines of the United Nations General Assembly in New York, U.S. Treasury Secretary Scott Bessent said he was prepared to lend Argentina up to US$20 billion via currency swaps and bond purchases.

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