In April Argentina signed a 4-year $20 billion loan with the IMF that required dismantling year-long currency control and loosening its grip on the peso. As such Argentina's President Milei is seeking support for its economic policies moving forward. President Trump and President Milei will be meeting on the sidelines of the UN's meeting this week in New York.
Options that Treasury Sec. Besset stated include
- US purchases of Argentine peso
- Use of Treasury Exchange Stabilization Fund - purchases of U.S. dollar-denominated government debt
- Swap lines
- Etc.