J.P. Morgan and Citi CEOs Arrive in Argentina Amid Historic Bailout
For now, the loan remains uncertain, pending decisions on whether the Argentine government or Washington will assume the credit risk.
Quick overview
- J.P. Morgan CEO Jamie Dimon and Citi chief Jane Fraser are visiting Argentina to discuss a potential $40 billion financial support package for President Javier Milei's government.
- Major U.S. banks, including J.P. Morgan and Goldman Sachs, are hesitant to approve a $20 billion loan for Argentina without guarantees or collateral.
- The U.S. Treasury is coordinating efforts to stabilize Argentina's economy by channeling private capital into sovereign debt and providing additional currency stabilization.
- Concerns are rising within the IMF about the potential prioritization of U.S. commitments over multilateral lending due to the size of the proposed support package.
J.P. Morgan CEO Jamie Dimon and Citi chief Jane Fraser are arriving in Argentina this Wednesday amid mounting U.S.-led efforts to secure a $40 billion financial support package for President Javier Milei’s government.
According to The Wall Street Journal, a group of major U.S. banks — including J.P. Morgan, Bank of America, and Goldman Sachs — remain hesitant to approve a $20 billion loan for Argentina without guarantees or collateral. The plan, coordinated by the U.S. Treasury, aims to channel private capital into Argentine sovereign debt while Washington provides an additional $20 billion currency stabilization line, bringing total support to $40 billion.
Treasury Secretary Scott Bessent confirmed that “talks remain ongoing” and that further details will be released once the framework is finalized. For now, the loan remains uncertain, pending decisions on whether the Argentine government or Washington will assume the credit risk.
Relevant Meetings and U.S. Support
Dimon is expected to meet with J.P. Morgan’s local team in Buenos Aires, though a meeting with Argentine officials has not yet been confirmed. The visit coincides with a period of close alignment between the Milei administration and the White House, as well as J.P. Morgan’s broader plan to invest $1.5 trillion across key global sectors including energy, mining, and industrials to strengthen U.S. supply chains.
Meanwhile, the U.S.-Argentina deal is raising concerns inside the IMF, where some officials fear the Trump administration could prioritize direct U.S. commitments over multilateral lending channels, given the size and geopolitical weight of the proposed package.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save