Home Africa News US Doubles Argentina Aid to $40 Billion With Peso Purchases, Private Debt Facility

US Doubles Argentina Aid to $40 Billion With Peso Purchases, Private Debt Facility

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US Doubles Argentina Aid to $40 Billion With Peso Purchases, Private Debt Facility
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US Doubles Argentina Aid to $40 Billion With Peso Purchases, Private Debt Facility

U.S. President Donald Trump greets Argentinian President Javier Milei to the White House on Oct. 14, 2025. Madalina Kilroy/The Epoch Times

The United States purchased additional Argentine pesos from open markets Wednesday, Treasury Secretary Scott Bessent said, while pressing forward on a $20 billion private investment pool aimed at Argentine government bonds.

The moves build on a fresh $20 billion currency swap agreement with Buenos Aires, delivering $40 billion in overall backing for the region’s third-largest economy. Bessent offered no specifics on the peso purchases, which follow an earlier purchase on Oct. 9.

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