The U.S. Treasury has finalized a financial rescue of Argentina, including a currency swap arrangement with the country’s central bank.
President Donald Trump acted to help an ally in Latin America even as some MAGA supporters grumbled.
The Trump administration finalized plans for a financial rescue of Argentina on Thursday, as Treasury Secretary Scott Bessent said he had taken the rare step of directly buying Argentine pesos in global currency markets in a bid to relieve pressure on the nation’s embattled President Javier Milei, an enthusiastic supporter of President Donald Trump.
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