The Milei administration is racing to formalize U.S. financial support as it braces for the looming legislative elections. The goal: stabilize markets, restore investor confidence, and align diplomatic momentum with pressing domestic needs.

Argentina’s Economy Minister, Luis Caputo, has been dispatched to Washington to negotiate the terms of a rescue package. His agenda includes crafting a roadmap to structure a proposed swap line, possible debt purchases, and technical support from U.S. agencies. These efforts are intended to lay groundwork before a planned presidential meeting in the White House.

Internally, the move reflects acute urgency. Economic activity has decelerated this year, and the government concedes that the currency and financial fronts have worked against its narrative of reform and recovery. The U.S. package is seen not only as a financial lifeline but also as strategic validation of Milei’s model.

But the approach carries political risk: the administration must balance demands from external partners with domestic expectations. To make it work, Milei will need to consolidate support in Congress, reassure skeptical provincial leaders, and show that the reforms aren’t just ideological—but grounded, pragmatic, and aligned with Argentina’s sovereignty.