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Argentina's $20 Billion Bailout Shelved; $5 Billion Loan Proposed

11/21/2025

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Summary

Story summary

The planned $20 billion bailout for Argentina from JPMorgan Chase, Bank of America, and Citigroup has been shelved.
Bankers are weighing a smaller, short-term loan package of around $5 billion.
The shift follows a $20 billion exchange-rate stabilization agreement reached in October for President Javier Milei ahead of midterm elections.
The funds support a $4 billion debt payment due in January.

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Story summary

The planned $20 billion bailout for Argentina from JPMorgan Chase, Bank of America, and Citigroup has been shelved.
Bankers are weighing a smaller, short-term loan package of around $5 billion.
The shift follows a $20 billion exchange-rate stabilization agreement reached in October for President Javier Milei ahead of midterm elections.
The funds support a $4 billion debt payment due in January.