Is the U.S. providing $40 billion in aid to Argentina?

The U.S. is trying to facilitate a total financial support package of up to $40 billion for Argentina, but only $20 billion comes from U.S. government funds.

The deal includes a $20 billion currency swap between the U.S. Treasury and Argentina’s central bank. That was authorized in October and was heavily criticized in both countries, especially after President Donald Trump initially tied support to President Javier Milei’s performance in the October election in Argentina. Critics argue that using financial assistance to influence foreign elections sets a dangerous precedent.

The remaining $20 billion was originally expected to come from private banks and sovereign wealth funds, coordinated by the Treasury Department to invest in Argentine debt. But in November 2025, a group of banks backed out of a plan for the matching $20 billion package, instead opting to explore a smaller, short-term loan deal, according to reports.