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Argentina Seeks $7 Billion Loan Amid Rising Presidential Approval

12/5/2025

Summary

Story summary

Economy Minister Luis Caputo said Argentina is negotiating a loan of up to US$7 billion to shore up dwindling reserves and cover upcoming debt payments.
Caputo denied reports that private banks were providing a US$20 billion loan.
President Javier Milei's approval has risen after the party's midterm success, with 42.6% of voters supporting him.
Milei has appointed Cristian Ezequiel Auguadra as head of intelligence services, signaling a government restructuring.

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Story summary

Economy Minister Luis Caputo said Argentina is negotiating a loan of up to US$7 billion to shore up dwindling reserves and cover upcoming debt payments.
Caputo denied reports that private banks were providing a US$20 billion loan.
President Javier Milei's approval has risen after the party's midterm success, with 42.6% of voters supporting him.
Milei has appointed Cristian Ezequiel Auguadra as head of intelligence services, signaling a government restructuring.