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Trump Backs Milei Amid $20 Billion IMF Lifeline

9/29/2025

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Summary

Story summary

Donald Trump endorses Javier Milei's economic policies during a New York meeting.
U.S. Treasury Secretary Scott Bessent signals possible aid, including a $20 billion swap line.
Investment as a share of GDP has fallen; inflation remains significant and the peso under pressure.
International Monetary Fund (IMF) approves a $20 billion lifeline; experts warn of the human cost of shock therapy.

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Story summary

Donald Trump endorses Javier Milei's economic policies during a New York meeting.
U.S. Treasury Secretary Scott Bessent signals possible aid, including a $20 billion swap line.
Investment as a share of GDP has fallen; inflation remains significant and the peso under pressure.
International Monetary Fund (IMF) approves a $20 billion lifeline; experts warn of the human cost of shock therapy.