“The agreement, which Argentina’s central bank announced Monday, allows for a $20 billion currency swap that’s aimed at propping up the Argentina peso ahead of crucial midterm elections that will determine the political success of President Javier Milei, a staunch ally of President Donald Trump.
…
Beyond the $20 billion of financing for Argentina through the swap, Bessent has said he’s also organizing another $20 billion in financing that will be funded by private lenders or sovereign wealth funds.”
https://www.politico.com/news/2025/10/21/bessent-argentina-economic-deal-00616391