US Treasury Secretary Scott Bessent has said a “large and forceful” intervention is on the table to support Argentina through a bout of severe market volatility, throwing a lifeline to libertarian President Javier Milei.
In comments to reporters and on social media on Monday, Bessent said Washington was considering purchases of Argentina’s currency or sovereign debt by a fund controlled by the US Treasury, adding that “all options” were on the table.
The US Treasury secretary evoked the words of Mario Draghi, the former president of the European Central Bank during the Eurozone crisis, to say the US would do “whatever it takes” to sustain Argentine financial markets.
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