In a significant move, the US Treasury, led by Scott Bessent, has announced a $20 billion currency swap framework with Argentina's central bank. This intervention aims to stabilize Argentina's currency market, which has faced challenges in recent years. By providing this financial support, the US is not only helping Argentina but also strengthening bilateral relations, which is crucial for economic stability in the region.

The US has stepped in to support Argentina's struggling economy by offering $20 billion in financing and intervening in currency markets to stabilize the peso. This move is significant as it aims to curb the sharp declines the currency has faced recently, reflecting a commitment to bolster economic stability in the region.