US working on new USD20bn ‘facility’ for Argentina

WASHINGTON: US Treasury Secretary Scott Bessent on Wednesday said the United States is working to help corral the private sector around a new USD20 billion “facility” to support Argentina’s embattled economy.

“We are working on a 20 billion 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,” he told reporters in Washington.