Argentina repaid the $2.5 billion it drew down from a $20 billion swap line President Javier Milei signed with the administration of President Donald Trump, Secretary of the Treasury Scott Bessent announced over the weekend.
The $2.5 billion payment was reportedly issued alongside a broader $4.3 billion debt repayment that includes key payments to bondholders.
“I am pleased to announce that, reflecting its strengthened financial position, Argentina has both quickly and fully repaid its limited draw on the swap facility with the United States, such that the Exchange Stabilization Fund currently does not hold any [Argentine] pesos,” Sec. Bessent announced on social media.
To reiterate, the ESF has never lost money. Our nation has been fully repaid while making tens of millions in USD profit for the American taxpayer. With Argentina stabilized, the markets are now meeting the Argentine Republic’s financing needs under President Milei’s visionary leadership.