Argentina repays US financial lifeline as Milei emerges from market crisis
Buenos Aires hands back $2.5bn it drew under swap line ahead of pivotal election in October
Buenos Aires hands back $2.5bn it drew under swap line ahead of pivotal election in October

US support has helped calm markets, but Argentina’s president is politically weakened as his party faces midterm elections

Buenos Aires’s reserves rose by the same margin as Washington seeks to bolster Javier Milei’s government

One-year repo agreement will also help Javier Milei’s government build vital dollar reserves

After sky-high inflation, currency crises and failed reform plans, the country was never going to find a quick fix

Emerging market and distressed debt specialists post big returns after Washington’s support and electoral win boost Buenos Aires

Investors bet that electoral endorsement will keep president’s market-friendly reforms on track