U.S. Treasury Secretary Scott Bessent has welcomed Argentina’s Economy Minister Luis Caputo and his delegation during their first meeting in Washington.
“Pleased to welcome @LuisCaputoAR and the Argentine delegation to the @USTreasury. During their time here in Washington, we will continue our productive discussions on the several options that Treasury has at the ready to support Argentina’s strong policies,” Bessent wrote on X, posting a photo of the two officials shaking hands with their national flags in the background.
The Argentine delegation, led by Economy Minister Luis Caputo, arrived in the United States on Saturday to finalize the details of financial assistance from the U.S. Treasury. The meeting between technical teams follows an invitation from Donald Trump’s administration for President Javier Milei to visit the White House, and raises the possibility that financial aid could arrive before October 27, the first Monday after Argentina’s legislative elections.
Accompanying Caputo in Washington are Central Bank President Santiago Bausili, Deputy Minister José Luis Daza, and Finance Secretary Pablo Quirno. On Friday, IMF Managing Director Kristalina Georgieva held a conversation with Bessent and said that the economic support for Argentina could include Special Drawing Rights.
On Thursday morning, after his post on X, Bessent clarified the nature of the talks with the Argentine team, saying: “We’re going to give them a swap line; we’re not putting money into Argentina.” He also rejected accusations that the White House was seeking to benefit U.S. investors in Argentina. “What we are doing is maintaining the strategic interests of the United States in the Western Hemisphere,” he said.
The arrival of Argentina’s economic team coincides with a U.S. government shutdown, as the delegation landed while the American government remained paralyzed following Congress’s failure to pass a temporary funding bill. There are four trading sessions left before the meeting between President Javier Milei and U.S. President Donald Trump, scheduled for Tuesday, October 14, and 13 days before Argentina’s midterm elections.