In a strategic move to bolster Argentina's financial markets, President Donald Trump offered backing to Argentine President Javier Milei during their meeting at the U.N. General Assembly's sidelines. Trump assured that a bailout was unnecessary but highlighted U.S. support as crucial for stabilizing Latin America's third-largest economy.

Treasury Secretary Scott Bessent emphasized that all options are considered to stabilize Argentina, including using the $219.5 billion Exchange Stabilization Fund and potentially setting up currency swap lines. This follows Trump's endorsement of Milei's re-election bid, aiming to ensure stability in Argentina's financial sector.

Simultaneously, the World Bank announced the acceleration of $4 billion out of a $12 billion support plan for Argentina, focus

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