The United States is prepared to support Argentina by providing swap lines, currency purchases, and U.S. government debt, Treasury Secretary Scott Bessent confirmed on Monday morning.

U.S. President Donald Trump and Argentine President Javier Milei are scheduled to meet in New York on Tuesday morning. Bessent said he would attend the meeting and that “more details” would be available when it finished.

“Argentina is a systemically important U.S. ally in Latin America, and the @USTreasury stands ready to do what is needed within its mandate to support Argentina. All options for stabilization are on the table,” he posted on X.

“These options may include, but are not limited to, swap lines, direct currency purchases, and purchases of U.S. dollar-denominated government debt from Treasury’s Exchange Stabilization Fund. Opportunities for private investment remain expansive, and Argentina will be Great Again.”

“We remain confident that President @JMilei ’s support for fiscal discipline and pro-growth reforms are necessary to break Argentina’s long history of decline. My April comments make clear our commitment to Argentina’s people and to President Milei.”

Milei told La Voz del Interior on Friday that Argentina was in “very advanced” negotiations over potential financial support from the US. In 2026, the country will face debt payments of US$4 billion in January and US$4.5 billion in July. The Central Bank has not accumulated international reserves in recent months and Economy Minister Luis Caputo promised last week that the monetary authority would sell “down to the last dollar” to support the value of the peso. The circumstances have left economists asking how that debt would be paid.

Milei responded to Bessent’s words on Monday morning, thanking him and Trump for their “unconditional support for the Argentine people.”

In April, Bessent visited Argentina and met Milei. After initially telling Bloomberg news agency that a special credit line from the U.S. to Argentina was “not under consideration,” he said a week later that the U.S. would offer the country a credit line if a global shock were to put the country’s economic recovery at risk.

The Exchange Stabilization Fund, which the United States formed in the 1930s, is a U.S. emergency reserve fund which is used to help foreign governments and central banks stabilize their currencies.

IMF welcomes Bessent’s Argentina comments

International Monetary Fund managing director Kristalina Georgieva posted that the fund welcomed Bessent’s message, which she said “underscores the crucial role of partners in promoting strong policies for stabilization and growth for the benefit of the people of Argentina.”

The International Monetary Fund agreed a US$20 billion deal with Argentina in April.