US Treasury authorizes financing for Argentina
The US government approved negotiations with the Central Bank of Argentina for a $20 billion financing package for the country, to be used for the purchase of primary or secondary debt
On Wednesday, September 24, the US Treasury announced its decision to approve a $20 billion financing package for the Central Bank of Argentina.
This amount would be primarily used for the purchase of primary or secondary debt of the South American country.
The US Treasury stated: “The Treasury is currently in negotiations with Argentine officials to establish a $20 billion swap line with the Central Bank.”
The negotiation involves working together with the Argentine government “to avoid excessive volatility,” stated Secretary Scott Bessent on the social media platform X, who met on Tuesday with US President Donald Trump and Argentine President Javier Milei.
He added: “The United States is prepared to purchase public debt in the primary or secondary market, and we are working with the Argentine government to end the tax exemption for commodity producers who exchange foreign currency.”
M.Pino
Source: DW
(Reference image source: Jonathan Borba on Unsplash)
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