The government advances in closing a bilateral between Milei and Trump before October, with the possibility of announcing a treasure loan, in the midst of the exchange and political crisis.
In critical hours for the ruling party, both on the political, as in the exchange and financial, The Government seeks to shield its external forehead and show political support at the international level by the US. As he could know Scope, is in the definition stage a Bilateral meeting between Donald Trump and Javier Mileiwhich could be completed in the weeks prior to the legislative elections of October.
The expectation is that this meeting is not limited to the political photo. In fact, it is speculated that there could An announcement of the US Treasuryan assistance that has been negotiated in official offices for months and that would be interpreted as a gesture of strong support for libertarian management, at times at that the Central Bank began selling important amounts of its reserves to defend the exchange rate in the ceiling of the flotation band ($ 1,475).
Washington’s interest in sustaining Milei’s course is not new. Last April, the Secretary of the Treasury, Scott Besentvisited the Casa Rosada and praised “the bold economic reforms” faced by the president after the departure of the stocks. In parallel, in a closed meeting before investors organized by JP Morgan in the White House, the official had been more explicit: “If Argentina needs it, in case of an external shock and if Milei keeps the course, we would be willing to use the exchange stabilization (FSE),” Besent said, Bloomberg revealed at that time.
That wink opened the door for the US Treasury to evaluate a direct credit line to Argentina, although its concretion was tied to both the electoral calendar and Trump’s political will to capitalize on an eventual announcement.
Milei’s trip to the US to participate in the UN Assembly
Milei’s trip to New York, scheduled for the week of September 24 in the framework of the United Nations General Assembly, will add another key stop: a Encounter with private investors. According to this media from Wall Street sources, advisors close to Santiago Caputo made this week a presentation at the Argentine Consulate in Manhattan to explain the electoral picture after the defeat in Buenos Aires and the prospects for October.
According to event participants, officials transmitted Optimism regarding Milei’s chances to reverse the electoral result and highlighted the continuity of the economic program. Several of the attendees came out “satisfied and satisfied” with the official explanations, which strengthens the expectation that in New York some can arise Concrete advertisement of private investments.
A delicate political and financial board
The eventual bilateral milei -trump reads in the City as a Play of high political and economic impact. On the one hand, he would show Milei receiving support from his main international partner to the days of the elections.
On the other, it would open the possibility that the US Treasury formally announce a loan that, beyond its magnitude, would work as a sign of confidence towards the markets, at a time when the Argentine country risk is already above 1,400 points, a level that clearly prevents Argentina’s return to the global debt markets to refinance the important debt maturities in dollars until January inclusive, for about US $ 8,000 million.
With tension reservations and a political calendar full of uncertainty, the official strategy aims to shield expectations and send predictability signs. Within that framework, the great unknown is whether the eventual American credit will be activated before the elections or will be subject to the October election result.
Source: Ambito
