US Treasury Secretary Scott Bessent’s renewed pledge to “do what is needed” to support Argentina in a post on X earlier today, including purchases of Argentinian sovereign US dollar bonds and a potential $20bn credit line, should give Argentina’s government breathing space ahead of the mid-term elections in October. Crucially, though, it doesn’t solve the country’s underlying issues, in particular the misaligned exchange rate.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services