Facility builds on previously announced $20bn swap line as Washington seeks to boost libertarian ally Javier Milei

The Treasury Department has extended a financial lifetime to Argentina in apparent hopes of heading off an emerging market financial crisis.

President suggests $20bn swap line is contingent on libertarian’s victory in midterm elections

The US administration is backing an ally’s misguided exchange rate policy

The additional boost, which comes on top of a $20bn currency swap, comes shortly before Argentina's midterm elections.

Facility builds on previously announced $20bn swap line as Washington seeks to boost libertarian ally Javier Milei

Trump has said his administration wanted to help "our neighbors," but suggested the money could be pulled if Milei's party did not prevail in the midterm elections.