Yes, and no, the U.S. government, under the Trump administration, agreed to provide a $20 billion financial package to Argentina in October 2025.
However, this is not a direct gift or grant but a currency swap agreement, which functions as a loan.
Under this arrangement, the U.S. exchanges U.S. dollars for Argentine pesos to help stabilize Argentina’s currency and economy.
The funds are drawn from the U.S. Treasury’s Exchange Stabilization Fund, which can be used without congressional approval.
Investing and giving are two different things.
Argentina / Milei faced an organized and manufactured financial crisis, purposely initiated just weeks before Argentina’s mid-term elections.
Some local crony oligarch bankers, aligned with the left wing Peronist/Kirchner party, started a run on the Argentina Peso, probably with help from outside / international capital.
Pure color-revolution type tactics
Trump and Bessant simply helped Javier Milei and Argentina slap down that political scheme.
Now that the election has passed, things will return to normal - at least until the next election.
Free and prosperous nations make good neighbors.
And since the the announcement, the Argentine pesco to the US dollar is slightly up.
GEMINI
The U.S. has provided a $20 billion currency swap agreement to Argentina to help stabilize its economy and is working to secure an additional $20 billion in financing from private banks and sovereign funds, totaling a potential $40 billion in financial support.
Argentina has a history of big ups and downs. They have been an economic powerhouse, and then they descend into madness and ruin. Done it several times. I think it helps us a lot if Argentina stays strong as a small government (Milei) South American power. It helps keep China out of the region and shows that the US can be a good friend. Everyone wins with this deal that Trump put together.
Now go take the Malvinas back. 😈
Trump as the dealmaker would see $20 billion as a cheap investment toward those ends. My take as to his overall strategy is that the squeeze is on with Brazil as key to breaking BRICS and Dumping Maduro along the way as a bonus. We'll see what the Chinese do in response. Russia's move in Nicaragua is certainly a wake-up call in that regard.
The short answer is....NO...
The US Treasury Department has indeed finalized and signed a $20 billion currency swap agreement with Argentina’s central bank as of October 2025, aimed at providing dollar liquidity to stabilize the Argentine peso amid the country’s ongoing economic crisis.
pbs.org +2
This is not an outright gift but a temporary exchange where the US provides dollars in return for pesos, with an agreement to swap back at a later date—essentially a short-term loan from the Treasury’s Exchange Stabilization Fund to prevent a deeper currency collapse.
snopes.com +1
Treasury Secretary Scott Bessent has emphasized that this is not a bailout and that US taxpayers won’t lose money, as the deal includes safeguards like interest and collateral expectations.
cnn.com +1
The agreement was contingent on Argentine President Javier Milei’s party performing well in the October 26, 2025, midterm legislative elections, which served as a referendum on his libertarian reforms.
pbs.org +1
Milei’s La Libertad Avanza party secured a decisive victory, gaining a stronger mandate in Congress, so the deal is proceeding without that hurdle.
reuters.com +2
There’s also talk of an additional $20 billion from private sector sources (e.g., banks and sovereign wealth funds), which could bring the total package to $40 billion, though the private portion remains uncertain due to challenges in securing collateral.
snopes.com +2
This move by the Trump administration is driven more by geopolitical strategy than pure economics: It bolsters Milei as a key ally, counters China’s growing influence in Argentina (particularly in lithium and infrastructure), and addresses fallout from US-China trade tensions, where Argentina has benefited from increased soybean exports to China at the expense of US farmers.
pbs.org +2
Critics, including Democrats like Sens. Elizabeth Warren and Amy Klobuchar, argue it prioritizes foreign aid over domestic issues like the US farm crisis and risks entangling the US in Argentina’s chronic debt problems without solving root causes.
pbs.org +1
As of October 30, 2025, the $20 billion from the US is available and active, with the US already buying pesos on the open market to support the arrangement.
buenosairesherald.com +1
It is important to the U.S. interests in the region that South American politicians like the leader of Argentina succeed. He is trying to turn around a national economy ruined by decades of Leftist-Peronist rule. It’s worth the U.S. “investment”.
Whatever it’s called - loan, currency swap, investment - we shouldn’t be giving $20 billion in aid to a foreign country.