Trump Credits US Aid for Milei's Argentina Election Win

US President Donald Trump credited significant US financial support, including a $40 billion bailout package consisting of a $20 billion currency swap and a proposed $20 billion debt investment facility, for Argentina's President Javier Milei's recent midterm election victory. Trump emphasized that he gave Milei a "very strong endorsement" and highlighted the role of Treasury Secretary Scott Bessent, who managed the assistance, describing it as a crucial "bridge" for Milei's economic reforms. Despite public discontent over austerity measures, Milei's party won decisively, providing a mandate to pursue radical economic changes. Trump acknowledged that while US investments have profited from rising Argentine bonds and improved debt ratings, the primary motivation was not financial gain but supporting Milei's agenda against longstanding economic challenges. Fitch Ratings recognized US aid as critical in preventing a downgrade of Argentina's credit rating, though it noted the need for broader economic reforms to restore stability. Overall, Trump framed the election outcome as a significant win for US-Argentina relations and for Milei's efforts to overhaul the Argentine economy.