Treasury Secretary Scott Bessent hails Javier Milei’s Argentina as a “beacon” for South America, backing it with swap lines while ruling out U.S. cash aid.

The US is planning to extend a $20 billion loan to Argentina in support to President Javier Milei.

Editorial: Washington’s $20bn lifeline for rightwing populist Javier Milei isn’t about stability or sovereignty, it’s about winning an election

“We’re giving them a swap line, we’re not putting money into Argentina,” he said in the CNBC interview.

Treasury Secretary Scott Bessent hails Javier Milei’s Argentina as a “beacon” for South America, backing it with swap lines while ruling out U.S. cash aid.