{"id":348434,"date":"2025-09-24T15:38:30","date_gmt":"2025-09-24T20:38:30","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/24\/20-bn-credit-line-to-argentina\/"},"modified":"2025-09-24T15:38:30","modified_gmt":"2025-09-24T20:38:30","slug":"20-bn-credit-line-to-argentina","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/24\/20-bn-credit-line-to-argentina\/","title":{"rendered":"$20 bn Credit Line to Argentina?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-58111\">&#13;<br \/>\n\t\t\t\t<!-- .entry-header -->&#13;<br \/>\n&#13;<\/p>\n<div class=\"entry-content\">\n<p>Why? Is Argentina central to US national security or economic interests?<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/usdars_cur_24sep25.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-58114\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/usdars_cur_24sep25.png\" alt=\"\" width=\"1200\" height=\"832\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/usdars_cur_24sep25.png 1200w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/usdars_cur_24sep25-300x208.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/usdars_cur_24sep25-1024x710.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/usdars_cur_24sep25-768x532.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/usdars_cur_24sep25-624x433.png 624w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p>This <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-24\/bessent-says-us-negotiating-20-billion-swap-line-with-argentina?srnd=homepage-americas\">Bloomberg article<\/a> doesn\u2019t explain the economic reasoning. And unless there\u2019s going to be some conditionality regarding the (overvalued) pegged rate on the Argentine currency (as Mark Sobel noted in <a href=\"https:\/\/www.nytimes.com\/2025\/09\/22\/us\/politics\/us-argentina-bessent-javier-milei.html\">NYT<\/a>), then it\u2019s going to be wasted money.<\/p>\n<p>And shouldn\u2019t we be coordinating with the IMF re: conditionality etc.?<\/p>\n<p>Personally, I saw a lot more reason to support Mexico in 1994 using the Exchange Stabilization Fund (ESF), than Argentina in 2025. Mexico had collateral. What does Argentina have? I\u2019ll wait to see if the critics of the 1994 use of the ESF speak up now (at least, those who are still alive).<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content -->&#13;<br \/>\n\t\t&#13;<\/p>\n<footer class=\"entry-meta\">&#13;<br \/>\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/09\/20-bn-credit-line-to-argentina\" title=\"12:17 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-09-24T12:17:30-07:00\">September 24, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->&#13;\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/09\/20-bn-credit-line-to-argentina\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] &#13; &#13; &#13; Why? Is Argentina central to US national security or economic interests? This Bloomberg article doesn\u2019t explain the economic reasoning. And unless<\/p>\n","protected":false},"author":1,"featured_media":348435,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/348434"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=348434"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/348434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/348435"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=348434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=348434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=348434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}