When Javier Milei was not “the forces of heaven” who saved him from the fall, but the earthly hand of Donald Trump. The Argentine President traveled to New York on Tuesday to participate in the UN General Assembly and flew on Thursday back to Buenos Aires with the White House promise of an unpublished financial rescue. It was much more than I had gone to look for.
The secretary of the Treasury, Scott Besent, said that Milei is the main regional ally of the United States, sufficient reason to offer him, a line of credit without specifying and even the possibility that the United States includes bonds of the Argentine debt. Behind such a offer is the intention of sustaining the Argentine economy at least until October, when Milei will test its popular support in national legislative elections.
The last days have been vertigo in Argentina. In the middle of last week, it was already evident that the Casa Rosada within the values committed to the International Monetary Fund (IMF). The markets had taken away their support and, fearful of the ability to pay a central bank without reservations, rushed to detach themselves from their Argentine bonds.
The result was a country trigger – which measures the confidence of investors in a state – up to 1,500 points, a figure that tripled last January, added to a speculative attack against weight. The government had to sell in just three days, which had already lost 21% of its value during the last three months.
Milei’s response to the black week was manual: the crisis was the product of the fear of markets on a return from Peronism to power. held on September 7 in the province of Buenos Aires made a similar result fear in national legislatures. A defeat, Milei warned, would unleash the chaos of populism and Argentina would enter a alley full of calamities.
So credible it sounded that money fled in stampede and showed, in a matter of hours, the fragility of the ultra -right -wing adjustment model: a central bank without the capacity to accumulate reserves, the overvalued weight and a market without circulating, all in the name of the inflation combat.
When everything seemed lost, and the opposition, until now sunk in his own quarrels, he enthusiastically celebrated the misadventures of the libertarian, he peeked the generous hand of Donald Trump. The Republican received Milei on Tuesday in an apart from the UN General Assembly and told him that he considered it “a truly fantastic and powerful leader for the great people of Argentina.” Even for his “re -election as president”, although there are more than two years for the generals.
Besent converted the words of the Republican’s breath the next day. Milei returned the fulfillment of a speech before the UN where and its “unprecedented restructuring of international trade”, that is, the tariff war that the Republican libra against the world and that has Argentina as a victim.
The Argentine completed his agenda with a meeting with the IMF managing director, Kristalina Georgieva. The Fund lent in April 20,000 million dollars to Milei and Georgieva celebrated the lifeguard thrown by Trump without dissimulation. At night, the libertarian met again with Besent, who this time gave him the 2025 Global Citizen Award during a Atlantic Council gala. “Doing the right thing for more uncomfortable is what made great nations. That is something that my friend Donald Trump has decided to support,” Milei insisted.
Meanwhile, the markets celebrated the news that came from New York. The country risk fell from Monday from the roof of 1,500 points to 900, a value that still makes Argentina borrow, but it takes it out at least from hell and puts it in purgatory. The debt bonds accompanied the euphoria and, now that the United States is offered as a payer of the last instance, they shot up to 20% during the week.
Milei said goodbye to New York with a 45 -minute match with the premier From Israel, Benjamín Netanyahu, his second largest ally after Trump. Argentina has aligned with the United States in its rejection of Israel’s critical resolutions at the UN and refuses flatly to consider a massacre what happens in Gaza.
