Scott Besent said that he could grant a Stand-by loan to the Argentine government via the exchange stabilization fund. He also mentioned the possibility of buying Argentine debt in the primary and secondary market.
In addition to the negotiation of a US $ 20 billion swap line, the United States Secretary of the Treasury, Scott Besenthe said through social networks that they are “prepared to grant An important stand-by credit through the exchange stabilization fund“(ESF, for its acronym in English), in addition to Buy Sovereign Bonds from Argentina.
“The United States Treasury is ready for Buy Argentine bonds in dollars And he will do it according to the conditions, “Donald Trump’s official announced this morning. In addition, Besent He commented that the United States too “You are willing to buy secondary or primary government debt “.
At another time in his post, he confirmed that a loan to the Argentine government is on the table: “We are prepared to grant an important Stand-by credit Through the exchange stabilization fund, and we have held active conversations with President Milei’s team to do so, “Donald Trump official posted this morning.
Fiscal Exemptions and Investments
In the statement shared in the social network X, former Twitter, the Treasury Secretary also mentioned other complementary support: “We are working with the Argentine government for end the tax exemptions for producers of raw materials that convert currencies“
Caputo and Besent
He said in turn he was in touch “With numerous US companies that plan to make important direct foreign investments in Argentina in multiple sectors in case of A positive electoral result“
And he said that “Argentina has the tools to defeat speculatorsincluding those who seek to destabilize Argentine markets for political purposes. “
How is the spher composed
Currently, the Exchange stabilization background It is valued at US $219.4 billion, according to official data. Of the total, U $ 23.5 billion They correspond to intragergublic assets within the American system itself. The rest, U $ S195.9 billionIt is composed of assets linked to the outside.
Within that foreign segment, some U $ S5.7 billion are in foreign currency and assets called foreign currency, mostly deposits or short -term investments (up to 3 months) in euros and yen.
Besides, U $ S173.7 billion correspond to Special Giro Rights (DEG) of the IMFan international reserve asset that functions as a basket of global currencies.
In turn, About US $ 16,500 million are invested in foreign governmental values in medium or long term, also called exclusively in euros and yen.
Source: Ambito
