The U.S. offers financial aid to Argentina amid economic turmoil, supporting its reform efforts.

The U.S. is prepared to provide significant financial support to Argentina, with Treasury Secretary Scott Bessent stating all available tools—including currency swaps, direct dollar purchases, and buying Argentine debt—are under consideration to stabilize the economy. This comes amid a worsening crisis, including a sharp peso decline and heavy foreign reserve losses following electoral setbacks for President Javier Milei’s party. Markets reacted positively, with stocks and bonds rising. While the U.S. views Argentina as a strategically important ally in Latin America, support is seen as crucial to maintaining confidence in Milei’s austerity-driven economic reforms, which face political challenges despite backing from the IMF and other international institutions.