Where the US got $20B to bail out Argentina

美国为何获得200亿美元来救助阿根廷

The Indicator from Planet Money

2025-11-13

9 分钟
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The U.S. is committed to bailing out Argentina to the tune of $20 billion using a little known mechanism called the Exchange Stabilization Fund. On today’s show, what is this fund, why was it created and does Argentina have any hope of paying it back? Related episodes: Dollarizing Argentina  For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.   Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • N-P-R.

  • This is The Indicator from Planet Money.

  • I'm Stephen Misaha.

  • And I'm Waylon Wong.

  • Last month,

  • a reporter on Air Force One asked President Donald Trump about his administration's recent deal with Argentina.

  • The country's currency, the peso, is volatile and had plummeted in September.

  • And the U.S.

  • government had agreed to extend Argentina $20 billion in what's called a swap line,

  • which is essentially a loan.

  • for their life.

  • You understand what that means?

  • They have no money.

  • They have no anything.

  • They're fighting so hard to survive.

  • Democratic lawmakers blasted a decision to prop up the Argentine peso during a U.S.

  • government shutdown.

  • They said the administration was being reckless with American taxpayer money.

  • Money, it might not even get back.

  • So where did the US get the money from?