US Treasury Secretary Scott Bessent’s intervention in Argentina seems aimed more at saving his friends than at helping the nation, at least one leading economist has alleged.
Several hedge funds with past professional ties to the Treasury Secretary hold major positions in Argentine bonds. Washington’s US$20-billion swap package seeks to shield their returns.
According to The New York Times, the financial assistance will benefit “investment firms such as BlackRock, Fidelity and Pimco, which are heavily invested in Argentina, as well as investors like Stanley Druckenmiller and Robert Citrone, who worked with Bessent when he was investing for George Soros.”
Specifically, Argentina faces debt payme
Continue Reading on Buenos Aires Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.