US aims to raise $20bn ‘facility’ to support Argentina’s struggling economy | Business and Economy News
The additional boost, which comes on top of a $20bn currency swap, comes shortly before Argentina's midterm elections.The head of the United States Treasury, Scott Bessent, has announced he is working to corral the private sector around a new $20bn “facility” to support Argentina’s embattled economy.“We are working on a $20bn facility that would be adjacent to our swap line, of private banks and sovereign wealth funds that I think would be more aimed at the debt market,”…
