(Reuters) – U.S. President Donald Trump’s administration would be willing to offer Argentina’s government a specific credit line if a global shock jeopardized President Javier Milei’s economic turnaround, according to Treasury Secretary Scott Bessent’s comments reported by Bloomberg News on Tuesday. The U.S. government would be willing to use the Exchange Stabilization Fund, or ESF, […]
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Bessent signals US willingness to offer Argentina credit line, Bloomberg reports
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(Reuters) – U.S. President Donald Trump’s administration would be willing to offer Argentina’s government a specific credit line if a global shock jeopardized President Javier Milei’s economic turnaround, according to Treasury Secretary Scott Bessent’s comments reported by Bloomberg News on Tuesday.
The U.S. government would be willing to use the Exchange Stabilization Fund, or ESF, to support Argentina, if something happened through no fault of its own as long as Milei stays the course on his economic policies, Bessent said at a JPMorgan event in Washington on Tuesday, Bloomberg reported.
The event was closed to the public. Bloomberg reported Bessent’s comments, citing unidentified people with direct knowledge of his remarks.
(Reporting by Ismail Shakil in Ottawa; Editing by Doina Chiacu)