United States Treasury Secretary Scott Bessent said he intends to visit Argentina “soon” following the full-scale economic bailout granted by his government. Bessent made the announcement on social media and received a response from Argentine President Javier Milei, who said he “eagerly” awaits his arrival.
Bessent wrote on X early on Thursday. “President Trump’s policy of Peace through Economic Strength is going to transform Latin America, and I look forward to visiting Argentina again very soon,” he said.
The U.S. official added that he had spoken with Milei on Wednesday to congratulate him on ruling party La Libertad Avanza’s “monumental” victory in Sunday’s midterms. He went on to say that, as Milei’s “message of economic freedom” spreads, markets should “easily and enthusiastically” meet Argentina’s 2026 financing needs.”
Yesterday from South Korea, I spoke with President @JMilei to congratulate him on La Libertad Avanza’s monumental midterm election victory. His fortitude and vision are bringing hope to a new generation of Argentines.
Following @POTUS’ leadership, President Milei’s message of…
— Treasury Secretary Scott Bessent (@SecScottBessent) October 30, 2025 Milei thanked Bessent with a post on X written in English. “I am pleased to hear that you will be visiting Argentina again soon,” he wrote. “We eagerly await your arrival and welcome you with open arms.”
The Argentine president also said that he looks forward to continuing working with him “to foster unprecedented growth” in the Southern Hemisphere.
Bessent’s first and only visit to Argentina as U.S. treasury secretary was in April of this year following Argentina’s latest deal with the IMF. At the time, Bessent expressed full support for Milei’s economic reforms, and his visit was considered an important endorsement from the Trump administration.
What is Trump’s bailout? On September 24, Bessent announced that the Trump administration would offer Argentina a US$20 billion currency swap and was prepared to purchase its dollar bonds, among other forms of financial support. While Trump has denied the package is a bailout, it has been widely interpreted as such by observers in both countries.
Bessent later also announced the creation of a US$20 billion private fund for Argentina, which would take the total value of the support package to at least US$40 billion.
The deal has proved controversial among Democrats and Republicans alike. They have argued that the money should instead be spent at home and questioned why the U.S. should financially support a country that competes with it in markets for huge commodities such as soybeans and energy.
Trump and Bessent have claimed that supporting Argentina is in the U.S.’s interests to fend off the influence of China in the region and avoid it becoming another “failed state,” referring to the crisis in Venezuela.
