US says working on new $20 bn 'facility' for Argentina

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US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy. Bessent added that he had spent "weeks" working on the private-sector solution to Argentina's upcoming debt payments, which would come on top of the $20 billion US swap line the US Treasury recently set up.