[erentz]

> Treasury’s efforts to shore up Argentina’s currency are part of a broader effort by Secretary Scott Bessent to stabilize the South American economy before President Javier Milei’s party faces midterm elections Sunday

Things like this used to be the job of the IMF, stepping in when there were genuine crisis, in theory with experts advising or demanding policy changes to prevent further crisis.

But it seems the crisis here is all self inflicted and the bail out is politically motivated. Is the expectation that after Sunday this won’t be needed and things will stabilized or is this structural and we’ll be on the hook holding the Peso’s peg forever?

[Fluorescence]

Didn't Argentina also take 20 billion from the IMF earlier this year?