The Trump administration is seeking to secure a total of $40 billion in financial assistance for Argentina to help the country’s libertarian leader stabilize its turbulent financial markets.

Treasury Secretary Scott Bessent said on Wednesday that the U.S. is looking to provide an additional $20 billion to the Latin American ally, through a mix of financing from sovereign funds and private banks.

Last week, the U.S. finalized a $20 billion currency swap line with Argentina’s central bank to prop up the crumbling economy of Argentine........

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