The U.S. Senate Committee on Banking, Housing and Urban Affairs’ Ranking Member, Senator Elizabeth Warren, published a letter to U.S. Treasury Secretary Scott Bessent calling for the termination of a USD 20 billion line of credit supporting Argentina’s financial markets and requesting documentation on the arrangement. Warren referenced Treasury’s September 2025 announcement of its intent to use the Exchange Stabilization Fund (ESF) to support Argentina, and noted Treasury’s statement that Argentina repaid an initial USD 2.5 billion draw by December 2025 and that the transaction was “closed.” The letter argues Treasury has not confirmed whether the underlying Exchange Stabilization Agreement (ESA) with the Central Bank of Argentina has been terminated, suggesting the broader USD 20 billion facility may still be available. The letter requests a copy of the ESA and written confirmation that it has been terminated, with a response due no later than February 12, 2026.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-02-05
U.S. Senate Banking Committee ranking member urges Treasury to terminate USD 20 billion Exchange Stabilization Fund credit line for Argentina and disclose the agreement
Senator Elizabeth Warren urged U.S. Treasury Secretary Scott Bessent to terminate a USD 20 billion credit line supporting Argentina, questioning the status of the Exchange Stabilization Agreement with the Central Bank of Argentina and requesting documentation by February 12, 2026.