All articles tagged with #economic stabilization
Skepticism is growing over the US Treasury's ability to secure a $20 billion financing deal for Argentina's economic rescue before a crucial midterm election, amid uncertainties about deal specifics and collateral, which is pressuring the Argentine peso and complicating stabilization efforts.
The US Treasury sold dollars through Banco Santander to support the Argentine peso as it neared its trading band limit, amid efforts to stabilize Argentina's economy ahead of midterm elections, including a $20 billion currency swap line and negotiations for additional support.
Bessent has signed an economic stabilization deal with Argentina, including a $20 billion swap agreement and plans for an additional $20 billion in private or sovereign wealth fund financing, aimed at fostering economic freedom and stability in Argentina, despite political criticism and concerns over collateral and guarantees.
Argentina and the U.S. signed a $20 billion currency deal aimed at stabilizing Argentina's economy, amid ongoing financial struggles and U.S. interventions, with political and economic implications for both countries and American farmers.
US Treasury Secretary Scott Bessent has pledged to explore all options to stabilize Argentina's economy and support President Javier Milei, including currency swap lines and dollar-denominated debt, ahead of a key meeting with Milei and President Trump. This support has boosted Argentine assets amid economic and political challenges, with market optimism tied to potential US backing.
U.S. officials led a delegation to meet with senior Taliban representatives in Doha, Qatar, discussing critical interests and areas for confidence building. They expressed concern about the humanitarian crisis and urged the Taliban to reverse policies affecting human rights, particularly for women and vulnerable communities. The delegation also discussed the Afghan economy, security commitments, counternarcotics efforts, and the release of detained U.S. citizens.
The International Monetary Fund (IMF) has approved a $3 billion bailout program for Pakistan, with an immediate disbursement of $1.2 billion to help the cash-starved country. The approval comes at a challenging economic juncture for Pakistan, which has been facing fiscal and external deficits, rising inflation, and eroded reserve buffers. The funding aims to support the authorities' economic stabilization program and address the country's economic challenges.