US says “all options” on the table to help stabilize Argentina’s fiscal turmoil

The US Department of Finance Secretary Scott Bensent said the United States is “ready to do what is needed” to help stabilize Argentina’s escalating financial turmoil.

“All stabilization options are on the table,” Bestent Written in social mediaCalling Argentina “a systematically important ally in Latin America.”

The announcement helped to calm the financial markets that were shaken, as the latest election losses raised doubts about the future of the Havier Milli spending program, a free -market program.

The value of the peso is immersed as investors discard Argentine actions and bonds.

Miley, a libertarian economist and an ally of US President Donald Trump, was elected President of Argentina in 2023 as an outsider candidate who promised to control the elevation of inflation through radical cuts and other reforms.

Bestent said the US government was considering interfering with Argentine’s current fiscal turmoil with purchases of Argentine pesos and government debt denominated in dollars, among other forms of support.

More details will be announced after President Donald Trump meets Miley in New York on Tuesday, he added.

“We remain confident that (President Miley’s maintenance) for fiscal discipline and growth reforms are necessary to disrupt the long history of Argentina’s decline,” he writes.

Milei expressed “great gratitude” for the promise of US support, which helped to raise Argentine actions and prices for debt, denominated in the dollar in the financial markets.

“Those of us who defend the ideas of freedom must work together for the well -being of our peoples,” he Written in social mediaS

Miley was the first foreign leader to meet Trump after winning the US presidential election in November 2024, and his economic policies have won him admiration among many conservatives in the United States, including Elon Musk.

But he has been at home at home, especially in recent weeks, as his government has been fighting losses in the last local elections and a bribery scandal, with the participation of his sister, who has been accused of having taken refusals from medical companies seeking state -owned contracts.

Argentina will host national mid -term elections in October, which are expected to serve as a referendum on its controversial policies, which include abbreviations of social programs such as transport subsidies.

In April, Bessen also provided key support to help Argentina secure a new four -year loan of $ 20 billion ($ 14.8 billion) from the International Monetary Fund.