US is working on doubling aid to Argentina to $40 billion by tapping private funding sources
October 15, 2025
The Trump administration is looking to provide an additional $20 billion in financing for Argentina. This would be on top of a $20 billion credit swap line pledged earlier this month to support Argentina’s currency. Treasury Secretary Scott Bessent said Wednesday the additional help involves private banks and sovereign funds. But President Donald Trump has said the American assistance could be pulled if Argentine President Javier Milei’s party doesn’t win upcoming elections. Trump’s comments caused the Argentine peso to weaken slightly. Meanwhile, opposition figures in Argentina criticized Trump’s move as political interference.