The additional boost, which comes on top of a $20bn currency swap, comes shortly before Argentina's midterm elections.
The head of the United States Treasury, Scott Bessent, has announced he is working to corral the private sector around a new $20bn “facility” to support Argentina’s embattled economy.
“We are working on a $20bn facility that would be adjacent to our swap line, of private banks and sovereign wealth funds that I think would be more aimed at the debt market,” he told reporters on Wednesday in Washington, DC.
Bessent added tha
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