A consortium of banks — J.P. Morgan, Bank of America, Goldman Sachs, and Citigroup — is negotiating a $20 billion repo loan for Argentina, underwritten by the US Treasury as part of financial assistance from the Trump administration. The loan should be secured by national assets.
J.P. Morgan is also offering a repo of $20 billion to renew debt with the closest maturity, facilitating a “Swap for Education” scheme. This initiative, in collaboration with international organizations, allows for the repurchasing of debt at market value and issuing new loans under more beneficial terms.
“JP Morgan heads the list of banks that will offer a repo of 20 billion dollars to renew the debt with the closest maturity and the announced ‘Swap for Education’, a mechanism that coordinates with international organizations a credit to repurchase debt at market value and issue new loans in more advantageous conditions. This with the promise of investing the difference in education,” according to a recent article.
Sourcing: published content via Causality Link dated October 23 2025, titled: “JP Morgan takes Milei’s defeat for granted and prepares a graceful exit”.
Argentina’s central bank wrote in a statement: “The Central Bank of the Argentine Republic (BCRA) announces the signing of an agreement for exchange rate stabilization with the U.S. Department of the Treasury, for an amount of up to USD 20 billion. The objective of this agreement is to contribute to Argentina’s macroeconomic stability, with particular focus around preserving price stability and promoting sustainable economic growth.
“The agreement sets forth the terms and conditions for the implementation of bilateral currency swap operations between the two parties. Such operations will allow the BCRA to expand its set of monetary and exchange rate policy instruments, including the liquidity of its international reserves, in accordance with the regulatory functions established in its Charter. This agreement is part of a comprehensive strategy which reinforces Argentina’s monetary policy and enhances the Central Bank’s capacity to respond to conditions that may result in episodes of volatility in the foreign exchange and capital market.”