Since taking office as US Secretary of the Treasury in January 2025, Scott Bessent (@SecScottBessent) turned his X account into a permanent channel of support for Javier Milei’s Argentina. With a frequency close to one tweet per day—especially at key moments such as the October 26 elections—he combines financial announcements and political messages: he publishes about US$20 billion swaps, purchases of pesos to stabilize the market, praise for Milei’s liberal reforms, criticism of Peronism and references to Argentina as a strategic ally against China. His “digital diplomacy” reinforces the Trump-Milei axis, seeks to attract investments and offers direct signals to the markets.
Today, after the victory of La Libertad Avanza, he celebrated the electoral turn in the popular sectors: “The suburbs of Argentina abandoned Peronism — and gave victory to Milei.” And he linked a story from the Wall Street Journal about it.
Activity was especially intense in October. On the 27th he congratulated Milei on the “renewed mandate for change,” stating that Trump’s “Peace Through Economic Strength” is working in the region. On the 17th he stated: “The United States remains alongside Argentina. Yesterday, the Treasury bought pesos in the ‘Blue Chip Swap’ and spot markets […] to stabilize Argentina.” On the 14th, after a meeting with Trump and Milei, he wrote: “Honored to participate […] to discuss how Argentina can be Great Again by embracing economic freedom. Milei has given Argentina a chance to end a decades-long decline under Peronism.” And on the 10th he maintained: “Milei is trying to break 100 years of bad cycles in Argentina. He is a great ally […] “We do not want another failed or Chinese-led state in Latin America.”
In September, he anticipated financial movements. On the 24th he recounted a talk with Milei in New York: “We are ready to do what is necessary […] The Treasury is ready to buy Argentina bonds in USD […] Also […] a currency swap framework of US$20 billion.” Two days earlier he had stated: “Argentina is a systemically important ally […] All options for stabilization are on the table, including swap lines, direct currency and debt purchases.”
Taken together, these messages – at least one per week, with daily peaks in October – are not just statements: they accompany specific decisions by the Treasury that underpinned Milei’s financial and political stability in an election year. Bessent projects Argentina as a test case for the Trumpist economic agenda and anticipates an even closer bilateral relationship in 2026.
