The United States has given Argentina a significant boost by finalizing a $20 billion economic support package and purchasing Argentine pesos. According to US Treasury Secretary Scott Bessent, this move is designed to stabilize Argentina’s troubled finances.

U.S. Treasury Secretary Scott Bessent declared his agency “fully prepared to do what is necessary” to assist Argentina amid its economic struggles. The statement came a week after confirming the two parties had begun conversations over an economic aid program.