Politics Economy Country 2026-01-26T13:28:08+00:00

US Deepens Support for Milei's Argentina

The Trump administration views economic support for Argentina as part of a geopolitical strategy. U.S. Treasury Secretary Scott Bessent praised President Milei's reforms, calling Argentina a key ally in the region. He also clarified the details of the $20 billion currency swap, emphasizing it was a loan, not direct aid.


US Deepens Support for Milei's Argentina

For the Trump administration, economic support for Argentina is part of a broader geopolitical bet, aimed at consolidating governments aligned with a market reform agenda in the region. Bessent's statements reinforce the perception that the White House sees Argentina under Milei as a key partner in Latin America and as a test case for the political and economic model that Washington seeks to promote on the continent. According to Bessent, the reform process driven by Milei has already begun to have an impact in other countries in the region, such as Paraguay, Chile, and Bolivia, and could soon extend to Colombia. In his analysis, the Treasury Secretary highlighted the political consolidation of the Argentine leader. In this context, the explicit support from the U.S. Treasury adds a new international endorsement to the Argentine president at a pivotal moment in his administration. Sources consulted: Argentine News Agency; official statements from the U.S. Department of the Treasury; international political analysis. U.S. Treasury Secretary Scott Bessent explicitly praised the evolution of the Argentine president and stated that “he is moving from being a great thinker to becoming a high-level politician,” while defining Argentina as a “central piece” within Washington's strategy for Latin America under the presidency of Donald Trump. The statements of this official, one of the key figures in the Republican cabinet, confirm the strategic alignment between the two governments and confirm the priority place that the libertarian administration holds in U.S. foreign policy. This transformation, according to Bessent, constitutes one of the main assets of the libertarian government and explains the strong international support it receives today. The U.S. official also clarified key aspects of the $20 billion currency swap agreed between the two countries before the elections. “It was a loan,” he emphasized. According to his explanation, the operation responded to the use of the U.S. financial balance as a diplomatic tool to assist a strategic ally in a context of instability, without altering the rules of the financial system or implying a hidden subsidy. “It could be present for years,” he stated, alluding to the possibility of continuity of the current political direction. Bessent also referred to the Argentine electoral scenario and the officialist triumph in the October legislative elections. Even so, he stressed that support for Milei came mainly from the youth sectors and the most vulnerable strata of society, whom he defined as those most punished during the years of Kirchnerist governments. From Washington's perspective, the change of course in Argentina implied the replacement of a “corrupt and wasteful bureaucracy” with a more austere, efficient state, oriented towards the defense of private property. In this context, he accused Kirchnerism of having attempted to generate financial instability and “market turbulence” with the aim of conditioning the electoral results. Buenos Aires, January 26, 2026 – Total News Agency-TNA-The United States government has deepened its political and economic support for the Javier Milei administration. “Many said that the United States was giving Argentina $20 billion. In an attempt to dispel versions installed in the public debate, he was categorical in stating that it was not a direct transfer of funds. He indicated that Milei is going through a transition from the conceptual plane to the construction of real power, with greater dialogue with the governors and a governance scheme that, in his opinion, would allow him to project himself over time. It is not so.