• The U.S. has finalized a $20 billion currency swap framework with Argentina's central bank.
• Scott Bessent emphasized that the U.S. is committed to market stability and assistance amid Argentina's economic turmoil.
• Critics argue that this intervention may be perceived as a bailout amidst U.S. farmers' concerns about international soybean sales.
• President Milei of Argentina celebrates the agreement while facing critical upcoming midterm elections.
• This deal underscores the close coordination between the U.S. and international financial institutions like the IMF.

The U.S. government has taken a decisive step by finalizing a **$20 billion currency swap framework** with Argentina's central bank amid the country's economic struggles. Treasury Secretary Scott Bessent announced this development, stating that the U.S. directly purchased Argentine pesos to enhance market stability, emphasizing the urgency with which the U.S. can assist in the region. "The U.S. Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets," he wrote on the platform X, following discussions with Argentina's Economy Minister Luis Caputo over four days in Washington, DC, according to Reuters, India Times, and LA Times.

Bessent specifically noted Argentina's high levels of **acute illiquidity** and reassured that the U.S. is not providing a bailout but rather supporting Argentina's fiscal policies and reforms expected to yield economic improvements. The international community, including the IMF, stands behind Argentina's economic strategies, as Bessent highlighted the need for swift action from the U.S. as a critical ally, according to Al Jazeera and AA.