Overview
- After initially rejecting reports of a $20 billion rescue, Economy Minister Luis Caputo acknowledged talks with banks but said the government voluntarily halted them due to improved conditions.
- U.S. Treasury’s Exchange Stabilization Fund reported a mid‑October transfer of $872 million in Special Drawing Rights to Argentina, a confirmed show of support distinct from any private‑bank facility.
- U.S. media reported banks weighed a $20 billion package later scaled to a short‑term repo near $5 billion, and Argentine assets fell as risk rose to about 651 basis points following indications the plan was shelved.
- The administration is concentrating on securing the 2026 Budget and reforms, with Interior Minister Diego Santilli courting governors before extraordinary sessions and a refreshed lower‑house lineup on December 3.
- The tax agency opened probes into banks, energy and gaming firms, as well as health plans and payment companies, alleging inflated losses and potential underpayment near ARS 100,000 million to bolster revenue.