US is working on doubling aid to Argentina to $40 billion

[enid602]

This discussion thread was locked as off-topic by GP6971 (a host of the Latest Breaking News forum).

Source: AP

WASHINGTON (AP) — The Trump administration is looking to provide an additional $20 billion in financing for Argentina through a mix of financing from sovereign funds and the private sector.

That would come on top of the $20 billion credit swap line that the U.S. Treasury pledged to Argentine President Javier Milei and his government this month to bolster the South American nation’s collapsing currency.

“We are working on a $20 billion facility that would complement our swap line, with private banks and sovereign funds that, I believe, would be more focused on the debt market,” Treasury Secretary Scott Bessent told reporters Wednesday. He called it “a private-sector solution” and said “many banks are interested in it and many sovereign funds have expressed interest.”

Read more: https://apnews.com/article/trump-argentina-financing-economy-milei-billion-peso-fd38553ae03f4c33ce1288999469f7fbp p.m.

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Please remember that Argentina started 2025 by borrowing $20 from the IMF, which is essentially the US. PLUS the $20b swap of three days ago. PLUS this new $20b loan from private and institutional sources. It must be expensive to prop up dictators around the globe. How could Milei need $60b in bailouts after less than two years in office?

[AZJonnie]

1. Good indicator of what happens to the economies of countries run by fascist dicktators

like Trump and Milei, who basically have the same fiscal policies. I expect the USA to be run into the ground similarly over the next 3 years

[enid602]

2. Putin

Good luck trying to get Putin to n”bail us out.

[bucolic_frolic]

3. Please remember where the Rat Lines settled in 1945. /nt

[nycbos]

4. As the old expression goes

Don’t ask a woman her age, a man his salary l, and an Argentine his Grandfather’s SS rank

[Irish_Dem]

8. Good point.

[usonian]

5. Make Argentina Great Again. Take that, MAGA

You been f---ed over real good!



Someday, and that day may never come, I will call upon you to do a service for me.

[DallasNE]

6. My Read

Trump has already said the deal is off if Argentina doesn’t vote Milei back in. Here Trump ups the blackmail stakes. So much for Congress being in charge of America’s finances. Petty cash, this is not.

[Skittles]

7. link says unavailable

[GP6971]

9. Locking. Dupe of https://www.democraticunderground.com/10143548008