Trump says US will not 'waste our time' helping Argentina if Milei loses

[elhombresinnombre]

It's a bottomless pit the original IMF Dollar loan gone, the $20 billion reinforcement fom the IMF also gone, now the US Treasury mentions an additional $40 billion aid Fund or swap..

Obviuosly, Trump was confused after a sleeples night on the AF One flying from Egypt, He sure meant that if in the 2027 Presidential Election the Preonismo is elected then no more free US taxpayers dollars.

The New York Times seems to think Trump is talking about the mid-terms this month:

https://www.nytimes.com/2025/10/15/world/americas/argentina-trump-javier-milei.html

Paragraph 2:
To secure help from the United States, Mr. Trump made clear on Tuesday, Mr. Milei’s embattled political party would have to first pull off a victory in what are emerging as momentous and challenging legislative elections this month.

 

[sergio]

The New York Times seems to think Trump is talking about the mid-terms this month:

https://www.nytimes.com/2025/10/15/world/americas/argentina-trump-javier-milei.html

Paragraph 2:
To secure help from the United States, Mr. Trump made clear on Tuesday, Mr. Milei’s embattled political party would have to first pull off a victory in what are emerging as momentous and challenging legislative elections this month.

So funds have not transferred? And if the 26th does not go well for the two leaders, no 20 billion?

 

[sergio]

The New York Times seems to think Trump is talking about the mid-terms this month:

https://www.nytimes.com/2025/10/15/world/americas/argentina-trump-javier-milei.html

Paragraph 2:
To secure help from the United States, Mr. Trump made clear on Tuesday, Mr. Milei’s embattled political party would have to first pull off a victory in what are emerging as momentous and challenging legislative elections this month.

around 20' it sounds as though the US leader is referring to a Presidential election: https://www.pbs.org/newshour/politi...inas-milei-as-u-s-prepares-20-billion-bailout

 

[sergio]

It doesn't seem that the 20 bil has been sent to Argentina. Today's WSJ reports: "He (Pres of the USA) tied the 20 billion lifeline directly to the outcome of Argentina's midterm elections..." At the same time the USA Treasury Secretary stated that the money is not contingent on the outcome of the midterms.....

 

[Rich One]

Milei invested millions in trips to the US , (perhaps ten), to get President Trump's unconditional support. Well Milei's life goal was to obtain a photo with Trump inside the Oval Office, he didn't succed instead he was invited for luch with 50 news persons, for 56 minutes, asking 26 questions only 3 concerning Argentina.

Well now uncle Scott will open his wallet for whatever Milei needs . However any major US invetments under RIGI will, most likeky, see the light after 2030 under a new/different President. What then?

 

[FrankPintor]

Milei invested millions in trips to the US , (perhaps ten), to get President Trump's unconditional support. Well Milei's life goal was to obtain a photo with Trump inside the Oval Office, he didn't succed instead he was invited for luch with 50 news persons, for 56 minutes, asking 26 questions only 3 concerning Argentina.

Well now uncle Scott will open his wallet for whatever Milei needs . However any major US invetments under RIGI will, most likeky, see the light after 2030 under a new/different President. What then?

Uncle Scott's attention has now been captured by the never-ending culture wars up there.

 

[mageesa]

I can't believe media can't agree if the pesos have been purchased yet or not...
The NYTimes and WSJ seem unready to commit; is this bad journalism, or good journalism?
TN says (via google translate):
The transaction was finalized through Banco Santander, which confirmed this in response to a request from TN. In addition, some market participants also mention two other financial institutions.

So they bought some pesos on Oct 9, and more on Oct 15, according to Reuters.
How many? At what rate? No one knows.
Nobody is responding to questions from noooooooooo-body.

If this is the famous 'currency swap'(?), it seems they'll do it little by little until the election.
"The Trump administration has disclosed few details about the swap line arrangement, aimed at improving Argentina's market liquidity. Bessent confirmed it would be backed by International Monetary Fund Special Drawing Rights assets that are held in the Treasury's Exchange Stabilization Fund and would be converted to dollars."

But everyone agrees the second tranche of $20B would be a separate thing:
"Work on the ($20B) private-sector debt investment facility has been underway for weeks, but Bessent did not provide a timeline for any debt purchases. "So it is a private-sector solution to Argentina's upcoming debt payments," Bessent said. "Many banks are interested in it, and many sovereign funds have expressed interest in being part of it."

One might remember that Trump signed an executive order in February to establish a US sovereign wealth fund.

What kind of rating does Argentine debt get, for investment purposes? If the private sector banks purchase Argentine debt, and it goes sideways, it seems they would get bailed out...

Sigh.

 

[Che1990]

Their US$20 millions worth of pesos (bought at $1470) is sat in the Santander account making money from the exchange rate and is now worth more in USD when than when they bought it.

“America First” - they’re in it for themselves, they making money from this and will pull that money out when it suits them

 

[Che1990]

Their US$20 millions worth of pesos (bought at $1470) is sat in the Santander account making money from the exchange rate and is now worth more in USD when than when they bought it.

“America First” - they’re in it for themselves, they making money from this and will pull that money out when it suits them

It was a lot https://www.iprofesional.com/finanz...lares-vendio-tesoro-eeuu-en-mercado-argentino