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.
Oh It’s a loan!
So we get all our money back.
Suuuure.
The kind of loan that no sensible financial institution would ever make.
About as likely as Ukraine paying back its loans.
Hey it’s not too late for us to flush to a few hundred billion more on Ukraine while we’re at it
We are not “giving”. We are investing. Trump bet big on their election and won.
“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.”
Thankyou for the explanation. People can ‘debate’ on it, but 20 billion currency stabilization loan is better than another drug running narco terrorist ‘socialist’ utopia. This is probably the best 20 billion dollar ‘loan’ in recent history as it could help a country transition from disastrous socialism/fascism to a healthy economy.
With Milei's party winning, we actually stand to make money on the deal.
I don’t know if you can call money from a future investment a gift, but in the era of the puppet Biden, much more than that was given away and wasted, and I never heard anyone protest.
Thanks for that