Washington Eyes $20B Support Package for Milei Win in Argentina

Argentina’s new president, Javier Milei, took office amid deep economic turmoil. Inflation is sky-high, debt burdens weigh heavily, and foreign reserves are low. The peso has lost much of its value. To many observers, Argentina is on the edge. In Washington, eyes are fixed on Buenos Aires. Reports now suggest the U.S. is preparing a $20 billion financial support package to shore up Argentina under Milei’s leadership. The aid could include a dollar swap line, debt purchases, and other forms of support.