
US Treasury Secretary Scott Pessant said that the United States “is ready to do what is required” to help stabilize the escalating financial disorders in Argentina.
“All stability options are on the table,” Bessent Books on social mediaAnd Argentina described an “important ally in Latin America”.
The letter helped calm the financial markets, which were shaken as the last election losses raised doubts about the future of Javier Millie’s agenda to reduce costs.
The value of the peaso was drowned, while investors were dividing the Argentine stocks and bonds.
Millie, the liberal economist and US President Donald Trump’s ally, was elected president of Argentina in 2023 as an external candidate who promised to control the high inflation through radio government spending discounts and other reforms.
Argentine bizo is stable is very important to this pledge.
However, the currency has lost its value as investors transfer money outside the country, and partly concern about the government’s ability to maintain the stability of the bizo.
In recent weeks, the Central Bank of Argentine has entered into a weakness in more weakness in the Bezo.
But this effort, which included the spending of $ 1.1 billion (810 million pounds) of its reserves last week to buy the bizo, also exhausted its property, and put the country in a more dangerous situation when it comes to paying its debts.
Pesin said that the United States government was considering interfering in the current financial turmoil in Argentina, with the purchase of Argentine Peso and government debts provided by the dollar among other forms of support.
He added that more details will be announced after President Donald Trump met with Milli in New York on Tuesday.
“We are still confident that (President Millie) support for financial discipline and pro -growth reforms is necessary to break the history of the long retreat of Argentina,” he wrote.
Milli expressed her “tremendous gratitude” for the support of support in the United States, which helped to raise the shares and prices of the Argentine debt in dollars in the country in the financial markets.
“Those who defend freedom ideas must work together for the welfare of our peoples,” Books on social media.
Millie was the first foreign leader to meet with Trump after his victory in the US presidential election in November 2024, and his economic policies won the admiration between many conservatives in the United States, including Elon Musk.
But he was in a defensive condition at home, especially in recent weeks, as his government was struggling with losses in the last local elections and a bribe scandal related to his sister, accused of accusing the pharmaceutical companies looking for government contracts.
Argentina will host the national wages in October, which is expected to serve as a referendum on its controversial policies, which include discounts on social programs such as transportation subsidies.
In April, Bessent also provided major support to help Argentina secure a new $ 20 billion loan from the International Monetary Fund.
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