Blue Dollar Live

IMF Leader Extends a Helping Hand to Argentina

The leader of the International Monetary Fund provided a renewed endorsement for Argentina on Friday, aligning with the Trump administration’s initiatives to bolster President Javier Milei ahead of the country’s midterm elections scheduled for later this month. IMF Managing Director Kristalina Georgieva indicated that she had discussions with US Treasury Secretary Scott Bessent regarding “extensive … Read more

Locals drive Argentine bond volatility as Bessent causes chaos

Argentine bonds have reacted sharply to each headline that has appeared on trading screens over the past fortnight, resulting in a significant degree of volatility. Certain investors perceive local traders as the driving force behind numerous market movements, while foreign participants maintain a cautious stance. The nation’s dollar notes, having experienced their most significant rally … Read more

Scott Bessent

The US is ‘giving Argentina a swap line, not putting money in,’ says Scott Bessent

United States Treasury Secretary Scott Bessent stated in an interview that the United States intends to provide Argentina with a currency swap, but will not inject funds into the country. During an interview, he stated: “As far as what the US is doing, just to be clear, we are giving them a swap line, we … Read more

Javier Milei - Kristalina Georgieva

Argentina’s fresh IMF loan was approved despite concerns from top decision-makers

The IMF’s latest substantial loan to Argentina — a country with a history of defaults now under the leadership of a close ally of Donald Trump – has raised concerns among many of the Fund’s senior decision-makers. It received approval nonetheless. Argentina’s new loan with the International Monetary Fund was approved even though it raised … Read more

Scott Bessent

US would offer Argentina credit line in event of global shock : Bessent

US Treasury Secretary Scott Bessent indicated that the Trump administration might extend a targeted credit line to Argentina’s government should a global shock threaten President Javier Milei’s economic recovery, as reported by three sources familiar with his remarks. The US government is prepared to utilize the Exchange Stabilization Fund (ESF) to assist Argentina, provided that any … Read more

Argentina China Flags

Chinese embassy strikes back in response to Bessent’s comments in Argentina

The Chinese Embassy responds to comments made by Bessent during his visit to Argentina. China’s Embassy in Argentina has issued a statement condemning US Treasury Secretary Scott Bessent, alleging that he has made “malicious slanders and libellous remarks.” In a recent statement from Beijing’s envoy in Buenos Aires, the Chinese government expressed strong dissatisfaction and … Read more