Argentina’s Economy Minister Luis Caputo and U.S. Treasury Secretary Scott Bessent have agreed on the core terms of a financial rescue package to support President Javier Milei’s government. This agreement is expected to include a mix of currency swap mechanisms, debt purchases, and strategic credit facilities.

The finalized deal is designed to reinforce the Central Bank’s reserves, provide liquidity buffers ahead of large debt maturities, and reassure markets about Argentina’s solvency. Caputo, representing the Milei administration, pushed to align the package with existing IMF arrangements, emphasizing that no conflicting conditions would undermine Argentina’s sovereignty.

President Milei is expected to travel to Washington soon, where Trump will make the official announcement at the White House. That public display is being positioned as a symbolic and strategic moment: it will not only confirm U.S. support but also elevate Milei’s international standing and strengthen confidence among investors.

This alliance marks a turning point. With U.S. backing, Milei can navigate external pressures while leveraging the political capital needed domestically. The success of this pact may be judged by how effectively Argentina weathers the next few weeks and whether it can translate financial lifelines into sustainable stability.