Argentina's Minister of Economy, Luis Caputo, used his social media to provide an extensive clarification on the status of the promised $20 billion loan from US banks, assuring that the suspension of the credit was a voluntary government decision, driven by the improvement in post-election market conditions.
According to the Argentine News Agency, Caputo responded to a video of an October interview where he himself had confirmed that work was being done on "another facility for another $20 billion".
The Minister explained that this amount was intended for a "liabilities management operation" considered with the support of the United States (Scott Bessent), if necessary.
In this way, the official contradicted the version of The Wall Street Journal and other media, which indicated that the plan had been "archived" due to the refusal of private banks to provide guarantees.
The key to the official version lies in the current strength of the market: "Post-elections, given that the markets reacted very favorably, we think it is a better signal to be able to do what we were considering, without that additional help," Caputo wrote on his X account, suggesting that the Argentine economy no longer needs external shielding.
